<Carbonates are not a drink The Oil Drum You mean we don't have to pay CERA/Yergin $2500 for 33 pages?>

27 comments on The global nature of oil is becoming apparent

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Dave Cohen on September 4, 2005 - 7:46am Permalink | Subthread | Comments top
Re: Iraq Update

Even as the NY Times was going to press with this happy article Thanks to Guards, Iraq Oil Pipeline Is Up and Running, On and Off saying
Saboteurs shut down Iraqi crude oil exports to Turkey for virtually all of the past year, but the oil is flowing again after Iraq's government put in place elaborate new security measures and decided to move its product in what is essentially a clandestine operation.
we learn that Bomb blast halts exports through Iraqi pipeline. (This was noted on a previous thread).
"The blast halted all exports, it stopped them completely," the source told Reuters.

Although the Kirkuk-Ceyhan pipeline has a nominal capacity of close to 1.5 million barrels per day, throughput has typically averaged only around 200,000 bpd since the U.S. invasion of March 2003 because of frequent attacks on the line. It has also been closed for long periods.
Also, we see that Iraq exports are down in August -- "Iraq exported between 1.46 to 1.47 million barrels a day of crude oil in August, down around 130,000 b/d from July, an oil official said Thursday" (see here).
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JLA on September 4, 2005 - 7:57am Permalink | Subthread | Parent | Comments top
From a terrorists/insurgent perspective, this is an ideal time to attack the global oil and gas infrastructure.  If they had any attack plans in the works, now would be the time to launch them for maximum impact while we are most vulnerable.  It looks like they might have figured this out.    
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Dave Cohen on September 4, 2005 - 8:05am Permalink | Subthread | Parent | Comments top
As alan said here, "it sounds like a movie I heard about". To paraphrase PG's response:

cue the muhajadeen
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Yosemite Sam on September 4, 2005 - 8:09am Permalink | Subthread | Parent | Comments top
Would that mean that the "central front of the war on terror" has now shifted to New Orleans?  From another perspective, has it shifted to an "everywhere and nowhere" front?  Should you choose to, how does one fight a war that is won or lost in the trading pits?  
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JLA on September 4, 2005 - 8:15am Permalink | Subthread | Parent | Comments top
Apparently the trading pit war is fought by releasing oil from the SPR and strong-arming our fellow IEA member states to ship refined products to us.  The problem, of course, is that you can only do this so long.  

N.O. as the central front in the war on terror?  You might think so based on the number of troops that are arriving and the talk of federal marshall law, but I won't go there.  ; )

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Yosemite Sam on September 4, 2005 - 8:32am Permalink | Subthread | Parent | Comments top
This kind of warfare is using weaknesses in vital areas to attack an enemy while doing it without the necessity of complex military structure.

Isn't this called Fourth Generation Warfare?

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27 comments on The global nature of oil is becoming apparent

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