<A Discussion of Friedman's "Gas Pump Geopolitics" The Oil Drum Open Thread>

235 comments on Wishful thinking

Comments can no longer be added to this story.

| Show without comments | PDF version

westexas on April 30, 2006 - 10:16pm Permalink | Subthread | Parent | Comments top
I agree with Subkommander Dred that we will probably start to see some exporters begin to think about cutting back on their production.  This is just one of the reasons that I believe we are going to see a  massive decline in net oil exports.

The bidding war for declining net export capacity has only begun.

Comments can no longer be added to this story.
westexas on May 1, 2006 - 11:02am Permalink | Subthread | Parent | Comments top
(More signs of declining net export capacity)

https:/registration.ft.com/registration/barrier?referer=http://news.google.com/news?hl=en&ned=us&ie=UTF-8&q=declining+russian+oil+production& ;location=http%3A/news.ft.com/cms/s/1d5dfe3a-d653-11da-8b3a-0000779e2340.html

Venezuela buys Russian oil to avoid defaulting on deals
By Andy Webb-Vidal in Caracas
Published: April 28 2006 03:00 | Last updated: April 28 2006 03:00

Venezuela, the world's fifth-largest oil exporter, has struck a $2bn deal to buy about 100,000 barrels a day of crude oil from Russia until the end of the year.

Venezuela has been forced to turn to an outside source to avoid defaulting on contracts with "clients" and "third parties" as it faces a shortfall in production, according to a person familiar with the deal. Venezuela could incur penalties if it fails to meet its supply contracts.

(Registration required for full story.)

Comments can no longer be added to this story.
HugeLargeBen on May 1, 2006 - 3:47pm Permalink | Subthread | Parent | Comments top
For example: check out today's headlines.  Que Vivan los Boliveanos!  Interesting times indeed.
Comments can no longer be added to this story.
Leanan on May 1, 2006 - 3:53pm Permalink | Subthread | Parent | Comments top
I assume you mean this:

Morales Nationalizes Natural Gas Industry

President Evo Morales nationalized Bolivia's natural gas industry and oil Monday, ordering foreign energy companies to send their supplies to a state company for sales and industrialization.

Speaking at the San Alberto gas and oil field in the south of the country, Morales warned that companies that reject the decree will have to leave Bolivia within six months.

There's also this:

Venezuela buys Russian oil to avoid defaults

Venezuela, the world's fifth-largest oil exporter, has struck a $2bn deal to buy about 100,000 barrels a day of crude oil from Russia until the end of the year.

Venezuela has been forced to turn to an outside source to avoid defaulting on contracts with "clients" and "third parties" as it faces a shortfall in production, according to a person familiar with the deal. Venezuela could incur penalties if it fails to meet its supply contracts.

Comments can no longer be added to this story.
totoneila on May 1, 2006 - 5:55pm Permalink | Subthread | Parent | Comments top
Hello Leanan,

This military action obviously shows the amputation of the free-market invisible hand, which leaves the remaining hand--will it be a militaristic fist, or will it seek the biosolar lifestyle of actual planting something worth the later harvesting?  Will parents actually send their children to foreign war to gain those resources for futile wants?  How many redneck racefans recognize the energetic link between NASCAR and NO CAR?  Will the NASCAR owners spraypaint the racing asphalt with the names of US military dead-- as the cars hurtled around the track over the names of these Heroes would the crowd suddenly realize the sad 'reality' and beg and cry for the race to be stopped?  Or would the cheers of denial be even louder as the Circus Maximus raced to it crashing Dieoff crescendo?

Bob Shaw in Phx,AZ  Are Humans Smarter than Yeast?

Comments can no longer be added to this story.
fallout on May 1, 2006 - 3:54pm Permalink | Subthread | Parent | Comments top
What he means is this:

"Bolivia nationalizes petroleum industry"
http://news.yahoo.com/s/ap/20060501/ap_on_bi_ge/bolivia_gas

Comments can no longer be added to this story.
fallout on May 1, 2006 - 3:58pm Permalink | Subthread | Parent | Comments top
Doh!  I'm a minute late, as always.....
Comments can no longer be added to this story.
kvenlander on May 1, 2006 - 4:12pm Permalink | Subthread | Parent | Comments top
I think I just heard some file cabinets being opened in the Pentagon.
Comments can no longer be added to this story.
totoneila on May 1, 2006 - 4:18pm Permalink | Subthread | Parent | Comments top
Hello Westexas,

Absolutely correct.  If the leaders of exporting countries are far-sighted, they would immediately curtail exports to the extent that the quantity retained is used to dramatically shift to building sustainable biosolar habitats.  An exporting country that achieves 'first mover' status to biosolar sustainabilty will have an insurmountable advantage because they can slowly trickle out the oil to further enlarge these habitats.

Chavez, and the SA princes, among other exporters, are making a terrible mistake by not internally pricing their fossil fuels at world levels to encourage conservation and shifting to building a new paradigm.  

Bob Shaw in Phx,AZ  Are Humans Smarter than Yeast?

Comments can no longer be added to this story.

235 comments on Wishful thinking

Comments can no longer be added to this story.

| Show without comments | PDF version