Proven reserves is the catch phrase, The Gulf and Iraq have the highest so far. But let me make myself clear. In managing the decline it needs to control more oil. I do not think that the depletion story is scaremongering... especially when seen with the optic of the international division of labour. it is not an issue of rasing company profits once, surplus drain involves ultraexploitation hidden behind the price fettish
Jurriaan Bendien <[EMAIL PROTECTED]> wrote:
Jurriaan Bendien <[EMAIL PROTECTED]> wrote:
>I didn't catch the earlier part of this thread, but what scale are we
talking here? The world's largest oil producer is Russia.
World scale. I get back to you about this later. I got my times mixed up and
came to early this morning for my appointment, tut tut. Got to go now,
J.
-----Original Message-----
From: Jurriaan Bendien <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED]
Date: Mon, 15 Mar 2004 12:41:45 +0100
Subject: Re: [PEN-L] Will the oil run out ? Reflections from a layman
> 1) On the global level, the U.S. wields control over the oil wells for
some time to come and this would place it in a better competitive position
vis-à-vis partners in the Western World.
>
> But is that really true ? My understanding is that the US controls SOME of
the oil resource but not ALL of the oil resource.
>
> Jurriaan
>
>
>
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