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stupid, extremely unlikely that anything like that will ever happen, and using Norway in the story makes it even worse, WOW!!!!!!!!
by kiuyt on Sat May 6th, 2006 at 07:16:12 AM EST
You do realize that this story makes Norway look good, don't you?
And if you think such a scenario is extremely unlikely, you're right on the very narrow of Norway actually cutting exports, but you're very likely to be proven wrong in the near future as to the consequences of a few mb/d of oil brutally unavailable form the market.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sat May 6th, 2006 at 07:41:11 AM EST
[ Parent ]
Writing "Norwegians were the heroes of the day" doesn't make it so. More like irresponsible pranksters.

Plus such an action could be construed as market manipulation. Lots of people would have lost lots of money in the market shock, not to speak of doubling the baseline price from $75 to $150 a barrel. And the operators of the Norwegian oil platforms would have suffered lossed from having to shut down production for a day.

A lot of angry people would be suing the Norwegian government.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Sat May 6th, 2006 at 07:48:52 AM EST
[ Parent ]
And your point is?

This is fiction. This IS market manipulation. That's the fucking point. A dozen countries have this capacity to wreak havoc to the world economy instantaneously. One of them is Norway, a friendly country. Them doing is as a "vaccine shot" instead of for real WOULD be a public service, even if it would piss off a number of people.

As you can see from the comments, most people do not believe that we'll get to $750 oil, or that the price of oil today should be around $150 today to reflect that risk and others. People will believe it only when they see it, thus the usefulness of such a one-day demonstration. But to provide real information, it needs to be done in a totally unexpected and, for its duration, ruthless way.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat May 6th, 2006 at 08:08:53 AM EST
[ Parent ]
That the story does not make Norway look good, that's my point.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Sat May 6th, 2006 at 08:12:23 AM EST
[ Parent ]
How so?

You sound like people that argue that gas taxes are bad because they make the "problem" worse.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat May 6th, 2006 at 08:25:12 AM EST
[ Parent ]
It's the theatrics that make it bad. Just issue the 1pm announcement and get on with it.

It's like shouting 'fire' in a crowded theatre and having a couple of people trampled and then saying "we just did that to demonstrate that the theatre's evacuation routes are not designed properly".

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Sat May 6th, 2006 at 08:36:08 AM EST
[ Parent ]

It's like shouting 'fire' in a crowded theatre and having a couple of people trampled and then saying "we just did that to demonstrate that the theatre's evacuation routes are not designed properly".

Yes... but in a theater built with known flammable materials, when 10 buildings built wit hthe same flammable materials have burnt down in recent times, and for some strange reason you cannot close down the theater...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat May 6th, 2006 at 10:14:02 AM EST
[ Parent ]
Still won't make you look nice, people will tell you to "wipe that self-satisfied look off your face".

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Sat May 6th, 2006 at 10:14:59 AM EST
[ Parent ]
Talk about moving the goal posts... I wrote "heroes". Then we started talking about "looking good". And now it's about "nice"?

It's not nice. But it's a good deed. Vaccine is a good analogy.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat May 6th, 2006 at 10:30:46 AM EST
[ Parent ]
there are a few billions of barrels stacked away around the world, the price will not skyrocket!
by kiuyt on Sat May 6th, 2006 at 01:37:17 PM EST
[ Parent ]

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