July 4, 2007
With all this talk of oil fields in decline it’s nice to see that there is no decline in political bullshit!
Once again let’s score one up for good news!
The Problem’s Not Peak Oil, It’s Politics
“The oil is in the ground, but serious doubts are being raised about
whether countries have the desire and means to produce it,” says Leo
Drollas, deputy director of the Center for Global Energy Studies, a
London think tank.
Lets start with some good news!
Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths in Iraq
This isn’t really good news in terms of the deaths in Iraq, it seems to be good news in that there is another big oil giant
comparable to Ghawar
Once known as Baba Gurgur, Kurdish for “father of fire,” Kirkuk is a coveted prize in the oil wars. It holds reserves second only to the Ghawar field in Saudi Arabia, according to the U.S. Department of Energy.
That there is no mention of decline on this one, lets file it under good news!
