177 comments on DrumBeat: October 11, 2007
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177 comments on DrumBeat: October 11, 2007
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I was talking to a friend of mine who is a *very* high-level consultant to one of the oil supermajors. He told me that a recent strategy meeting someone brought up the idea of peak oil. The consensus of the room was apparently "yup, this is pretty much happening now or soon". I said to him - "Didn't anybody say 'Don't worry, we can increase recovery factors' or 'Don't worry Saudi will pump lots more'?" His answer - no. I was staggered that there didn't seem to have been any serious resistance to an idea that the oil majors will just not countenance in public.
Cuchulainn
Job requirements; Must have good, 'Front-Office' appearance. (read, Poker-face)
Yeah, it seems that by now honest people admit it, no matter how annoying it may be. So what the f*** is wrong with the business press??
all you have to do is read the papers after 1929 market crash - that say the same things back then that MSM would say now......its a memorized prayer not a rational discussion