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Terror Networks
The quicksand of self-deception
2013-07-17
Posted by:tipper

#11  Umm, no - not as long as Obama and the enviros continue to block extraction (permits) and transportation (pipelines).

He and they can only temporarily stop things on public lands in the U.S., Old Spook. They can do nothing about finds abroad, and as I understand it, production and shipments from private property within the U.S. has been growing rapidly over the past two years or so.
Posted by: trailing wife   2013-07-17 22:45  

#10   all the new oil and natural gas discoveries that will soon render Saudi Arabia, et al superfluous

Umm, no - not as long as Obama and the enviros continue to block extraction (permits) and transportation (pipelines).
Posted by: OldSpook   2013-07-17 22:14  

#9  Extraction cost is a big part of it
Posted by: ptah   2013-07-17 20:39  

#8  
I think the extent of new petro discoveries outside of the Islamic world is vastly over-stated.


Sure. Uh-huh. Right.
Posted by: Rob Crawford   2013-07-17 19:47  

#7  another incredibly poorly written asia times opinion piece with some serious facts, some serious analysis but also some misunderstandings and some sentences with no clear meaning at all
Posted by: lord garth   2013-07-17 16:08  

#6  OPEC's useful idiots are doing there best to keep the new oil and natural gas discoveries unexploited.

Good luck with what.
Posted by: g(r)omgoru   2013-07-17 15:32  

#5  OPEC's useful idiots are doing there best to keep the new oil and natural gas discoveries unexploited.
Posted by: rjschwarz   2013-07-17 14:36  

#4  missed all the new oil and natural gas discoveries

And so do the Western "elites"
Posted by: g(r)omgoru   2013-07-17 14:08  

#3  anguper.
Point is not cheap, although that would be nice. Point is money going elsewhere.
Posted by: Richard Aubrey   2013-07-17 13:57  

#2  I think the extent of new petro discoveries outside of the Islamic world is vastly over-stated. The new discoveries help, but only a bit. The price of petro is strangling the world economy, whose growth over the last century has been predicated on CHEAP petro, regardless of the source. The CHEAP stuff is gone.
-- There has been & still is a great deal of self-deception on the role petro prices play in economic growth.
Posted by: Anguper Hupomosing9418   2013-07-17 10:49  

#1  The gentleman certainly has managed to assemble the facts. But he seems to have missed all the new oil and natural gas discoveries that will soon render Saudi Arabia, et al superfluous -- just the day before yesterday there was an announcement of a field in Australia that, if I understand correctly, may be the biggest in the world -- and change the importance of current internecine Muslim struggles to that of massacres in the Congo... barring those pesky Pakistani and future Iranian nukes, of course.
Posted by: trailing wife   2013-07-17 10:43  

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