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FARSAILOR,
Back to you!
posted by
Blanche.
on April 19, 2006 at 6:44 PM
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Thank you Blanch for your kind review
No Great Britain no longer really competes in that area. In the 50's they made a decision call "West of Suez" (canal) and essentially abandoned the East, one of history's greatest blunders..
posted by
FARSAILOR
on April 19, 2006 at 6:27 PM
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FARSAILOR,
Excellent, easily digestible analysis for a newbie to the international oil scene like myself. It has long seemed obvious to me that China's role as an importer of cheaply produced and imported goods to the US has to come at a price. How much of the oil that US troops are currently guarding in Iraq is for export to China, wohse cheap labor is undermining the American labor force. What a crass and cruel irony.
The upper echelons are less American than multinatiional and croproate in thier interests. It seems obvious to me that someone like George W. Bush, whose sole income is derived from trust funds based on multinational interests is more concerned with keeping oil prices inflated than the interests of American labor and the American consumer's wellbeing.
Are Britan and Russia going at it in Russia's former Soviet replubics of Kazakhstan or Uaebkistan?
posted by
Blanche.
on April 19, 2006 at 5:49 PM
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You are right
The problem is most of the oil shale is in Canada, what with global warming, I think federation with Canada, willing or not is inevitable....
posted by
FARSAILOR
on April 19, 2006 at 5:34 PM
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Farsailor
What this has all done is make us serious about recovering oil from sands and shale that had been too expensive to attempt in the past. We have millions and millions of barrels of recoverable crude oil in our oil sands and shale and at 70 dollars a barrel, that makes it economically feasible to undertake and its now being done! We'll see the results of this soon on the oil market.
posted by
Burly
on April 19, 2006 at 9:57 AM
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