[lbo-talk] Transformation problem

[Mike Ballard]

The price of oil can go up when perceived supply is in danger of being choked off and down when that supply is allowed to flow or when new discroveries allow for a perceived increased in the supply to occur e.g. the new Gulf of Mexico find.  The price can go up and down with demand as well, of course.  

   

  Regards,

  Mike B)

  ***********

  Keeping Iraq's Oil In the Ground
By Greg Palast, AlterNetPosted on June 14, 2006, Printed on June 14, 2006

   

  full:

  http://www.alternet.org/story/37371/

  
World oil production today stands at more than twice the 15-billion a-year maximum projected by Shell Oil in 1956 -- and reserves are climbing at a faster clip yet. That leaves the question, Why this war?
Did Dick Cheney send us in to seize the last dwindling supplies? Unlikely. Our world's petroleum reserves have doubled in just twenty-five years -- and it is in Shell's and the rest of the industry's interest that this doubling doesn't happen again. The neo-cons were hell-bent on raising Iraq's oil production. Big Oil's interest was in suppressing production,.....

Read "Penguins in Bondage":
http://happystiletto.blogspot.com/

 		
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