Re Michael's comment: How can you reach your conclusion about what is important if you terminate the actual analysis of the issue. It is exactly not about perception or what people feel, it is about the basis for this scarcity theorizing and its real political impact-- like get ready for declining living standards which we will blame on the evil Sultans, Chavezistas, the ungrateful Mexicans, and those pesky Ecuadoreans who have dropped their 38% national partnership demand for their fields too late for us to be interested in the bidding?
Re the other comments: Can't we all just get along? dms
