 |
|
|
| View previous topic :: View next topic |
| Author |
Message |
pietillidie
Joined: 07 Jan 2005
|
| Post subject: Oily Industry: Cartels, Tyrants, Terrorists, Polluters, Cons |  |
|
To save this stuff from being scattered across random threads, I thought I'd confine it to one place.
It's time to stop excusing this warmongering, dictator-supporting, development-stunting, competition-hating, terrorist-funding, economic instability-causing, democracy-interfering filth pit of an industry.
Any news you see - fire away. Here's a trivial example of the open, everyday, anti-competitive corruption that is courted, subsidised and invested in at the expense of less corrupt and corrupting sources of energy:
| Blooomberg Business wrote: | ...
Cuts? What Cuts?
Crude prices surged briefly last month on speculation the Organization of Petroleum Exporting Countries would team up with Russia to cut production. The head of the nation’s biggest oil company had other ideas.
“Tell me who is supposed to cut?” said Igor Sechin, CEO of Rosneft. "Will Saudi Arabia cut production? Will Iran cut production? Will Mexico cut production? Will Brazil cut production? Who is going to cut?”
...
Supply exceeds demand by as much as 1.7 million barrels a day, so cutting 1 million from production would in theory make prices more “reasonable,” Sechin said. Nevertheless, Rosneft is focused on preserving its traditional markets against the competition, he said.
...
The State Oil Co. of the Azerbaijan Republic - where a currency crisis has provoked street protests - offered four whole roast lambs, a sushi bar and chocolate truffles to thousands of guests at Park Lane’s Grosvenor House Hotel.
....
|
http://www.bloomberg.com/news/articles/2016-02-12/the-oil-industry-got-together-and-agreed-things-may-never-get-better
_________________
In the end the rain comes down, washes clean the streets of a blue sky town.
Help Nick's: http://www.magpies.net/nick/bb/fundraising.htm
Last edited by pietillidie on Sat Feb 13, 2016 12:20 pm; edited 1 time in total |
|
|
|
 |
HAL
Please don't shout at me - I can't help it.
Joined: 17 Mar 2003
|
| Post subject: | |
|
| I doubt anyone can know with any real certainty at this time who will. |
|
|
|
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
|
The Rules
FAQ
Usergroups
Calendar
Search
Log in
Register
