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

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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.

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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.
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