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not surprising- exxon ceo bullshitting
Not a surprise! Another corporate CEO caught bullshitting.
Read this page: http://energybulletin.net/35985.html
...Speaking from the sidelines of the American Petroleum Institute's annual meeting in New Orleans Monday, when oil was trading around $86, Exxon Mobil Corp. Chief Executive Rex Tillerson said the high price was "hard to explain." He added: "As far as I know, nobody is having trouble getting crude oil today."
(19 October 2007)
And then check out a Bush confidante and investment banker explaining why, at a conference about Oil Depletion:
Business Intelligence Middle East
SAUDI ARAMCO. Saudi Aramco, the world's largest state oil company, probably isn't on target to meet its oil production goals, said Matthew Simmons, Chairman of Simmons & Co International.
"I'm dubious they can hit their targets,'' Simmons said today at a Houston conference sponsored by the Association for the Study of Peak Oil & Gas, a non-profit think tank. "If they had hit their targets, they would be more forthcoming.''
...Simmons, who has predicted crude will exceed US$200 a barrel or more, reiterated he believes today's prices are cheap.
"At US$40, US$50 and US$60 they said it's just traders and speculators,'' he said. Light, sweet grades of oil in Malaysia were US$90 a barrel earlier this month, Simmons said.
"That to me is not speculation; that's refiners struggling to find light, sweet crude,'' Simmons said. "I don't know what fundamentals they're looking at. The fundamentals I'm looking at say fasten your seat belts.''
(19 October 2007)
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Personal view:
I hope gas prices go to $20 a gallon. Because that is the true cost of a gallon of gasoline, with all the negative "externalities" factored in -- 40,000 American deaths (and many more injuries and asthma cases and leukemia; obesity and heart disease and related health problems; social isolation of people in their suburban cul-de-sacs; non-human roadkill; etc) per year; dirty air and water; noise; waste of urban space (a car not in use is just wasting the space it sits on); waste of my income tax receipts!! (funding the war in Iraq, Afghanistan, and elsewhere) ......
Crooked car companies and oil companies!!! There is NO SUCH THING as a "green car" -- more bullshit! Nor is "economic growth" helping me, whatsoever.
Read this page: http://energybulletin.net/35985.html
...Speaking from the sidelines of the American Petroleum Institute's annual meeting in New Orleans Monday, when oil was trading around $86, Exxon Mobil Corp. Chief Executive Rex Tillerson said the high price was "hard to explain." He added: "As far as I know, nobody is having trouble getting crude oil today."
(19 October 2007)
And then check out a Bush confidante and investment banker explaining why, at a conference about Oil Depletion:
Business Intelligence Middle East
SAUDI ARAMCO. Saudi Aramco, the world's largest state oil company, probably isn't on target to meet its oil production goals, said Matthew Simmons, Chairman of Simmons & Co International.
"I'm dubious they can hit their targets,'' Simmons said today at a Houston conference sponsored by the Association for the Study of Peak Oil & Gas, a non-profit think tank. "If they had hit their targets, they would be more forthcoming.''
...Simmons, who has predicted crude will exceed US$200 a barrel or more, reiterated he believes today's prices are cheap.
"At US$40, US$50 and US$60 they said it's just traders and speculators,'' he said. Light, sweet grades of oil in Malaysia were US$90 a barrel earlier this month, Simmons said.
"That to me is not speculation; that's refiners struggling to find light, sweet crude,'' Simmons said. "I don't know what fundamentals they're looking at. The fundamentals I'm looking at say fasten your seat belts.''
(19 October 2007)
---
Personal view:
I hope gas prices go to $20 a gallon. Because that is the true cost of a gallon of gasoline, with all the negative "externalities" factored in -- 40,000 American deaths (and many more injuries and asthma cases and leukemia; obesity and heart disease and related health problems; social isolation of people in their suburban cul-de-sacs; non-human roadkill; etc) per year; dirty air and water; noise; waste of urban space (a car not in use is just wasting the space it sits on); waste of my income tax receipts!! (funding the war in Iraq, Afghanistan, and elsewhere) ......
Crooked car companies and oil companies!!! There is NO SUCH THING as a "green car" -- more bullshit! Nor is "economic growth" helping me, whatsoever.
