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2004-09-30 Africa: Subsaharan

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Posted by Mark Espinola 2004-09-30 3:21:36 PM|| || Front Page|| [3 views since 2007-05-07] Top

#1 Oil production has also been affected. Shell isn't going to put it's workers at risk. No company in it's right mind will.

All this uncertaincy in international production is going to have impacts in the price everything. It will also effect the US food supply. Cheap and plentful food is a side effect of cheap and plentful oil. Plan accordingly.

I saw stripper wells pumping units today on my way to Bakersfiled I have never seen running in at least 8 years. They may be sucking mostly sand but they are running. It's not light sweet crude either. All kinds of small oil operations are going to be starting up that have been setting literally for years. Again plan accordingly.

The US can't refine all the oil it needs to run everything we need running, it doesn't have any excess refining capasity.

Posted by Sock Puppet of Doom 2004-09-30 6:54:03 AM|| [http://www.slhess.com] 2004-09-30 6:54:03 AM|| Front Page Top

#2 Not to be too Pollyanna-ish about this but there is a silver lining. As the price of oil goes up, so do efforts to find alternative sources. As soon as it becomes in Shell's interest to develop oil from trash or to invest in fuel-cells, the better. Only then will we win this war on terror.

Posted by 2b 2004-09-30 8:18:45 AM|| 2004-09-30 8:18:45 AM|| Front Page Top

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