<Thursday Open Thread... The Oil Drum An exercise in civil discussion>

18 comments on Hmmmm....What Corporate America Is Reading

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pat driscoll on December 8, 2005 - 2:00pm Permalink | Subthread | Comments top
Corporate execs may be a greedy pack, but they aren't stupid.  I think there's a lot more knowledge of peak oil in the corporate boardroom than they're letting on.  Matt's Republican investment banker credentials carry weight with this crowd, and he's briefed high level Bush administration operatives.  I think what we're seeing in Iraq is the opening battle of World War III for control over fossil resources, disguised as a "global war on terror".
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scorned by the cockroach on December 8, 2005 - 6:25pm Permalink | Subthread | Parent | Comments top
What? You don't believe the unstupid greedy pack are terrified. I am confident that whatever their shortcomings they are quite capable of understanding just how useless they will be in a world without cheap energy. It's a war on their own terror.
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pat driscoll on December 9, 2005 - 9:15pm Permalink | Subthread | Parent | Comments top
The CEOs I've met are only terrified of Wall Street, their investors, and maybe their board of directors. Personal risk is a factor they have long taken into account, and security services are typically provided and paid for by their corporation. Also they're paid plenty enough to afford secure living arrangements in gated communities, including lavish bunkers in the case of the Waltons of Walmart infamy. They are ready now for the "last man standing" scenario.
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scorned by the cockroach on December 10, 2005 - 3:20am Permalink | Subthread | Parent | Comments top
I didn't say they feared for their personal safety. What I was saying is that they must be in fear of being seen as useless, by Wall Street for instance. I've met a few myself. The "War on Terror" seems like it would help maintain the illusion that the party might indeed be allowed to go on forever. Anything else runs too big a risk of the wrong people noticing the handwriting on the wall. Sure they will withdraw to their bunkers, but not until they absolutely have to. The key question is, will they ever come out again?
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igrebnev on December 8, 2005 - 6:44pm Permalink | Subthread | Parent | Comments top
The difference of price of the oil contract for now and 2011 is $2, while it was $5 through this year. So people get an idea of oil depletion.
I keep one contract. I think it is best possible investement.
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LevinK on December 9, 2005 - 12:15am Permalink | Subthread | Parent | Comments top
Can you direct me of how one can participate? I think that making a good investment and helping drive the price to its real heights along the way is not a bad idea at all.
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18 comments on Hmmmm....What Corporate America Is Reading

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