Water Cooler

RE: Contrarian Economist or just confused?

76.92.182.202

In Reply to: RE: Contrarian Economist or just confused? posted by halfnote on May 01, 2008 at 22:23:36

There is another factor to consider in the price or availability of oil. That is the supply of drilling equipment. While the Saudis enjoy supplies that are close to surface, not every deposit in every country is so accessible.
Recently, Brazil announced the location of a major field off their coast.Profit may motivate the oil companies to install the needed wells but the equipment won't be arriving via overnight express mail.
That's the bummer of the situation. Even someone to the political left of Atilla the Hun, such as myself, can appreciate the desirability of competition in the marketplace.

Question authority!

Follow Ups:

just confused? - unclestu52 03:52:42 05/04/08 (0)
RE: Contrarian Economist or just confused? - halfnote 20:58:14 05/02/08 (4)
- Since when has coal become clean? - Postal Grunt 21:58:24 05/03/08 (3)
  - RE: Since when has life become clean? - halfnote 19:56:38 05/04/08 (2)
    - RE: Since when has life become clean? - Postal Grunt 19:50:51 05/05/08 (1)
      - The real world ... - halfnote 21:20:32 05/05/08 (0)

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