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| Science & Technology |
| Der Spiegel: interviews OpSecGen - 'International Oil Companies Are the Real Dinosaurs' |
| 2008-01-20 |
| Posted by:3dc |
| #3 OTOH, compare wid PEAK OIL > GLOBAL LIGHTS OUT; + THE OIL DRUM > WE ARE STARTING TO DIM. World energy blackouts or failures, aka why BIO-ENERGY won't cut it = doen't compare to NUCLEAR??? GLOBAL "DARK AGES" riseth - literally??? |
| Posted by: JosephMendiola 2008-01-20 21:18 |
| #2 Der Spiegel showed an embarrassing amount of ignorance about the oil business in that interview. These MSM curs just don't grasp that some of the Arab oil men are the most learned petroleum market experts in the world. Think Allen Greenspan in a burqa. He was not kidding that his peers (not the peanut gallery in OPEC, like Chavez), want stability. They crave stability and spend most of their time trying to maintain it. They do not want fluctuations in the oil market. They hate inefficiency and speculation. They also know that there are all sorts of idiots out there trying to screw things up for them. And they also know that the MSM, and most of the people they have to deal with, know squat about how things work. OPEC only controls step one and part of step two of maybe a ten step process to get oil from the ground into gas tanks. They could drop the price of crude oil to ten cents a barrel and the price at the pump wouldn't necessarily change one penny. |
| Posted by: Anonymoose 2008-01-20 08:59 |
| #1 Sorry left out OPEC in title. |
| Posted by: 3dc 2008-01-20 02:09 |