Seriously isnt the situation in Iraq the oil industries dream?INCLUDING GWB..
2007-05-25 14:21:55 · 8 answers · asked by .................... 2 in Politics & Government ➔ Politics
check those prices you will see.
2007-05-25 14:24:57 · answer #1 · answered by ? 7 · 0⤊ 0⤋
Probably not. More likely it is the industrial revolution in China, that is growing by leaps and bounds, requiring SO MUCH more energy that the infrastructure (drilling, refining, etc) cannot keep up, thus demand increases where supply does not, causing price escalation! Ironically, liberal environmentalism is causing "Big Oil" to make more money, as they fight new drilling, and new refining capacity, thus perpetuating the supply shortage. As Alan Greenspan said today:
"The problem of crude oil is not that we're peaking or running out of oil, we're not, the problem of oil is access."
He saw difficulties ahead for world energy markets over coming years if geopolitical issues continued to plague major suppliers and investment remained at insufficient levels.
2007-05-25 21:30:12 · answer #2 · answered by Zilla 2 · 2⤊ 0⤋
Yea, especially the part where oil production is down drastically. Something like only 2 mil barrels a day instead of mil.
2007-05-25 21:25:13 · answer #3 · answered by Serpico7 5 · 0⤊ 0⤋
Let's see. Hmm. Exxon-Mobil netted a cool 39 billion last year, and their first quarter earnings set yet another profit record. The management staff sure know how to run a company, don't they?
2007-05-25 21:29:13 · answer #4 · answered by Hemingway 4 · 0⤊ 0⤋
if it is I don't think you or I or the oil industry has realized that dream yet, so NO!
2007-05-25 21:32:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
why are you so ignorant you need to think all the way back to 2001 what happened, the terrorists came into our country and killed INNOCENT people.
2007-05-25 21:26:13 · answer #6 · answered by ! 1 · 1⤊ 0⤋
haliburton moved it head quarters ti arab DUBIA KINGS
so as to avoid the back lash after bush leaves office
2007-05-25 21:24:57 · answer #7 · answered by BUSHMUSTGO w 1 · 0⤊ 0⤋
As well as the hurricanes.
2007-05-25 21:33:55 · answer #8 · answered by flossie mae 5 · 1⤊ 0⤋