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[personal profile] solarbird
Sorry I've been so out of it - I was sick for a while, and then I wasn't but was so far behind on everything, and still kind of tired. So here's what I've been reading:

Platts reports that the Mexican oil situation continues to deteriourate rapidly. Do not expect improvement, tho' PEMEX hopes to stabilise the situation over the next couple of years. However, exports are dropping more rapidly than production, as the Export Land model predicts. Meanwhile, Matthew Simmons asserts that if you look at the private oil companies neutrally, it becomes clear they're in a long-term liquidation phase. Shell Oil disputes this, of course.

More detainees - again, ones released as innocent - are coming forth as torture claimants against the US. Carnivorous Conservatives dismisses it as "old news," which is a different tactic than the previous "torture is good" and "I love torture" and "it's not torture if we do it" and "it's not really torture" and "it's just a few bad apples" and "why do you hate America?" tactics previously (in reverse order) used.

In fundamentalist blowback news, thanks to abstinence-only education in Florida, Florida teens believe that drinking capfuls of bleach will prevent HIV, and Mountain Dew stops pregnancy. Yay.

I'm way behind the curve economically - which means at this point I haven't been keeping close track for, what, three days? Four? - but I'll make that a separate post.

Date: 2008-04-04 01:47 pm (UTC)
From: [identity profile] angharads-house.livejournal.com
"private oil companies in liquidation mode"

absolutely, and there is a general drying-up of capital available for new ventures whether frontier or overseas.

otoh, lots of money flowing into r&d related to improved secondary and tertiary recovery schemes, heavy-oil upgraders, and (my personal favourite), synfuels.

fair disclosure: coal-to-liquids is what's keeping my paycheque happy at the moment, so i must have a certain bias thereto. ^_^ -- and yes, in a couple of years you may well be riding a bus fuelled by that stuff: burning coal-pakura certainly beats burning corn-derived ethanol (and note the local PNW doubling of rice and flour prices at retail!)

glad to see you found Platts online...

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