gwd
08-29-07, 01:04 PM
When listening to the radio while getting ready for work they kept talking about two years since Katrina stuff. The announcer mentioned that the reporters who first discovered the breached levee were traveling around the city by bicycle. It seems to me that the news would read differently if more reporters got around by bike.
Another weird thing I heard is that the International Energy Agency wants OPEC to pump more oil to bring the price of crude down and help the world economy, gas prices are down, Saudi Arabia says there is enough oil but refinery capacity can't keep up, the Saudi's don't want to be caught with a huge crude inventory when the world economy falters, crude prices are up, if crude prices stay up the world economy may falter. I can't reconcile the various points, how can a lack of refining capacity make the crude more expensive and the product less expensive?
It sounded like the peak oilers might be right and the various people in the news report are living in a fantasy world. I wonder if cars and gas will be too expensive when I become too old and worn out to bike.
Another weird thing I heard is that the International Energy Agency wants OPEC to pump more oil to bring the price of crude down and help the world economy, gas prices are down, Saudi Arabia says there is enough oil but refinery capacity can't keep up, the Saudi's don't want to be caught with a huge crude inventory when the world economy falters, crude prices are up, if crude prices stay up the world economy may falter. I can't reconcile the various points, how can a lack of refining capacity make the crude more expensive and the product less expensive?
It sounded like the peak oilers might be right and the various people in the news report are living in a fantasy world. I wonder if cars and gas will be too expensive when I become too old and worn out to bike.
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