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Orwellingly Yurz
SFN Regular
USA
529 Posts |
 Posted - 08/07/2006 : 19:34:48
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YO: Recently on the CNN web site:
LEAKY PIPE DRIVES OIL HIGHER
Oil surged to near $77 a barrel Monday after BP began shutting an Alaskan field that accounts for 8 percent of U.S. crude production. Anxiety over the Middle East, supplier of almost a third of the world's oil, is also running high among traders. One analyst said prices at the gas pump could rise five cents in the next few days.
OY sez:
Read Greg Palast's new book, "Armed Madhouse." (It came out in June, I believe.) The most important thing with IOC's, as well as, state owned oil companies is that not quite enough petroleum should always be pumped. We all know why that is. According to the book, (don't know how accurate it is) the planet running out of untapped oil reserves is a long way off. A calculated prediction in 1956 saying the world's Oil Peak would come in 2006, is incorrect.
The more important issues are what's happening to the sky above us because of fossil fuel burning; and, of course, for oil folks: product suppression at market. Guess which nation gets to be the dog in OPEC, according to Palast? Yip, you guessed it, and a hint for those who didn't. It's capital is called Baghdad. WMD? Nope...
but try this: Must continue to supress Iraq's oil production as has been the case since 1927, according to Palast's book.
The rich get richer...and the poor get children. But ain't we got fun?
P.S. BP is part of an oil consortium of Chevron (Rice a former board member), Conoco-Phillips* and, our good friends who made such a dark splash in the sea up near Alaska a few years back, Exxon.
Aphorism to be drawn from this latest suppression of oil:
The only thing faster than the speed of light is OPEC raising its price following a slowdown in production.
Quadruple OY!
*Rob McKee of Houston, formerly of Concoco-Phillips was selected to baby sit the Iraqi Oil Ministry for a period after our invasion of that nation. But Mr. McKee also continued, while being at the Oil Ministry, as chairman of Enventure, a subsidiary of.......oh come on...you know: Halliburton Corporation.
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"The modern conservative...is engaged in one of man's oldest exercises in moral philosophy. That is the search for a superior moral justification for selfishness."
--John Kenneth Galbraith
If dogs run free
Then what must be,
Must be...
And that is all
--Bob Dylan
The neo-cons have gotten welfare for themselves down to a fine art.
--me
"The meek shall inherit the earth, but not the mineral rights."
--J. Paul Getty
"The great thing about Art isn't what it give us, but what we become through it."
--Oscar Wilde
"We have Art in order not to die of life."
--Albert Camus
"I cling like a miser to the freedom I lose when surrounded by an abundance of things."
--Albert Camus
"Experience is the name so many people give to their mistakes."
--Oscar Wilde |
Edited by - Orwellingly Yurz on 08/07/2006 20:18:40
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