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Big Oil: Keep Investers Confused |
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Oil companies want to change reserve accounting rules raising questions about the timing with regards to peak oil. The move might be a hint of more trouble yet to come with regards to how much oil is actually left in the reserve column for the major oil companies.
[snip] Some in the business, such as "Matthew Simmons (ed. Note: Author of "Twilight In The Desert”), a Houston-based energy investment banker and among a crowd of forecasters who believe the world is running short on oil, says the SEC rules should be even stricter."
[snip] [Def. Confidence game n.: a swindle in which the public and investors are defrauded after their confidence has been won. Right. Let's give the oil and natural gas industry more incentives -- to cheat. -- Dan]
"Peak Oil: Big Guns Want Accounting Change"
by Dr. Joe Duarte
Financial Sense Online
February 11, 2006
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A number of readers have asked me when did I undergo my epiphany, abandon right-wing Reaganism and become an apostle of truth and justice.
I appreciate the friendly sentiment, but there is a great deal of misconception in the question.
When I saw that the neoconservative response to 9/11 was to turn a war against stateless terrorism into military attacks on Muslim states, I realized that the Bush administration was committing a strategic blunder with open-ended disastrous consequences for the US that, in the end, would destroy Bush, the Republican Party, and the conservative movement.
[snip]
by Paul Craig Roberts Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. February 6, 2006
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Ugh. Regardless of the health of Alaska's delegation, I think one benefit of avoiding mono-culture, single-party government is to innoculate against potato-blight-like spread of disease.
TPMmuckraker
Anchorage Daily News
TPMmuckraker
TPMmuckraker {moscomment}
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Excerpt:
Unprecedented shutdowns have heralded the New Year as European gas prices make it uneconomical for fertiliser producers to manufacture ammonia.
[snip]
by Roger Chesher
Farmers Weekly Interactive
February 6, 2006
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Will Technology Delay Peak Oil? |
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It's not unusual to hear from economists that modern oil production technology significantly increases the amount of oil that can be extracted from oil fields. How valid is that belief? A quick look at the production histories of five giant oil fields raises serious doubts.
[snip] [Note: This short essay is worth reading. Aside from the thrust of the essay, it uses Prudhoe as a primary example. Did you know that Prudhoe has been declining at rates of around 10% per year?... - Dan] by Roger Blanchard
ASPO Newsletter
February 3, 2006
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