65 comments on Venezuela Halts Oil Sales to Exxon Mobil
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The best thing the Bush Administration could do right now is to remain silent. Silence is an important communications tool. Used properly, it is highly effective in that once you have shown your hand to an adversary, he knows what you are thinking. Keep Mr. Chavez guessing.
I doubt it. The best course is to be honest and admit to peak oil, once you admit the problem then you can try and fix it.
Peak oil, at the least, means the end of cheap oil and hoarding of it ... have we any evidence we are near peak? ... we have seen massive year on year increases in the price of oil for 10 years or so, and the US, China and other importers are already increasing the size of their SPRs (and filling them) while exporters gradually take full control of their fate and 'net exports' start to decline.
The EIA statistics indicate we can expect more of the same, make your plans accordingly.