ę Michael Yon throws down to the MSM | Main | Terrorism Funding Case Ends With Mistrial Ľ
October 22, 2007

Guardian: rape, murder its just a drop (of oil) away

Oh, a storm is threat'ning
My very life today
If I don't get some oil
Oh yeah, I'm gonna fade away

War, children, it's just a drop away
It's just a drop away
War, children, it's just a drop away
It's just a drop away

World oil production has already peaked and will fall by half as soon as 2030, according to a report which also warns that extreme shortages of fossil fuels will lead to wars and social breakdown...
OPEC of course has a somewhat different take on the issue realizing that the real issue isn't "production" of oil rather the ability to transform the goo into something you can actually use -- refining capacity.
...The market volatility witnessed in recent months has been, to a large extent, the result of imbalance between the available refining capacity and the demand for petroleum products. Until the necessary investments are undertaken in the downstream sector of the industry, volatility is likely to remain a feature of the oil market. OPEC Member Countries, both on their own and in partnership with some international oil companies, have taken the initiative to pursue and invest in downstream projects, both inside and outside their countries. OPECís investments in the downstream, are part of its ongoing efforts to ease market volatility and to help prices to moderate toward levels consistent with healthy economic growth, particularly in the developing countries...

It's pretty obvious that nobody is going to "produce oil" when there is no capacity to store or refine it. It doesn't taste good - so you can't eat it, if tankers can't unload, because the refiners can't handle the volume, then the shipping pipeline starts to clog up like Ted Kennedy's arteries...and naturally the "production" facilities back down cuz they got no place to put the shit. This is economics 101.

OPEC, as much as I'd like to bash them, has recognized the actual problem even if the democrats in the US haven't and apparently has put a downstream expansion plan in place. The OPEC plan looks to be fairly aggressive as well given the time it takes to engineer and construct refineries and such.

digg this
posted by Purp at 10:56 AM

| Access Comments

Recent Comments
OregonMuse, AoSHQ Thought Leader & Contributing Editor, Vanity Fair Magazine: "[i]348 The NY Times is all concerned and stuff abo ..."

Tonypete: "Hell, it's only in my lifetime that the practice, ..."

Chopped Liver: "Heard today from a local politico that it seems th ..."

Puddin Head: "The original DUKW came with a canvas roof and stay ..."

Bandersnatch: "[i]Yahoo has a "Tiger Tracker" on its home page. T ..."

Anna Puma (HQCaR): "How to sink the FBI about Carter Page..."So Direct ..."

Tom Servo: "Re: the DUKW disaseter. The greatest design fla ..."

TickledPink: "Speaking of mass....are there a lot or at least a ..."

Nevergiveup: "Yahoo has a "Tiger Tracker" on its home page. The ..."

Captain Hate: "[i]well Tigers about to fall out of the lead, but ..."

JackStraw : ">>There's also the bit about nothing Page did ever ..."

OregonMuse, AoSHQ Thought Leader & Contributing Editor, Vanity Fair Magazine: "[i]Needing a short, purse-packable read to take to ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64