Matt Simmons: Peaked Oil
February 2nd, 2007Via: The Oil Drum:
Related: Energy Scarcity vs. Cost of the War in Iraq
Posted in Energy | Top Of Page
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Via: The Oil Drum:
Related: Energy Scarcity vs. Cost of the War in Iraq
“… we kind of let the industry rust away.”
Who are “we?” Could the “we” be Exxon-Mobil with its “reasonable” profit of $39.5 billion dollars? I love guys like this who say sh*t today as if it is new when others have been saying it for years and years. Thank Odin that George Bush discovered America’s oil addiction! Where would we be otherwise?
Why would you invest profits in capital goods you know you won’t need? Ever wonder why there hasnt been a refinery built in the last few decades in the US?
I wonder where this mythical ‘somewhere else’ is from where we will get our oil?
Can you imagine if Venezuela stops sell us oil, Mexico’s mega-oil fields decline in supply and Iran won’t accept our fake Federal Reserve Notes for their precious black gold?
http://www.chron.com/disp/story.mpl/ap/world/4598928.html
“Whether President Chavez likes it or not, Venezuela is joined to the hip with the United states,” he said. But “if Venezuela were to make a decision that it will sell oil some place else, well, we would buy it some place else.”