< A World Without Easy Oil: What now?The Oil DrumKyoto Goes Local>

30 comments on More "peak oil navel gazing..." (or, let's just publicly ignore the lessons of the last few months)

Comments can no longer be added to this story.

TJ on December 5, 2005 - 9:33am Permalink | Subthread | Parent | Comments top
  1. They are going to keep doing what they are used to until they are forced otherwise.

  2. They really only deeply care about the short term, and that looks rosy to them right now.

  3. If three years from now their profits plunge, they are counting on their Republican friends to save them.  It is much cheaper for them to invest in Congressmen and Senators than actual projects.
0
Comments can no longer be added to this story.
Halfin on December 5, 2005 - 1:35pm Permalink | Subthread | Parent | Comments top
"They really only deeply care about the short term, and that looks rosy to them right now."

But TJ, the point he was making was precisely the opposite, that the oil business is a long term business. By its very nature, every decision they make has to look ahead decades. An oil company which only cared about the short term would not invest in oil development and would not be in business.

0
Comments can no longer be added to this story.
wkwillis on December 7, 2005 - 7:50am Permalink | Subthread | Parent | Comments top
The company is in the business for the long term, the CEO is going to retire in four years.
0
Comments can no longer be added to this story.