Irresponsible - and false - scaremongering on the FT's front page | 56 comments (56 topical, editorial, 0 hidden)

Here's what it looks like (4.00 / 2)

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

by Jerome a Paris (etg@eurotrib.com) on Tue Apr 25th, 2006 at 04:28:36 AM EST

Re: Here's what it looks like (none / 0)

What is this? I can't understand it.

Oil is traded on a global market, yes? How would rerouting oil from Europe to China change prices?

If we were talking about gas (like in Gazprom) I would understand what this is all about, but oil?

What do they mean?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Tue Apr 25th, 2006 at 07:37:05 AM EST
[ Parent ]

Re: Here's what it looks like (none / 0)

It's the Financial Times, purveyors of fine bullshit. Unless the oil in question is supplied under a long-term contract under current market prices (but at the market prices prevailing just a couple of years ago), it's just fear, uncertainty and doubt.

Maybe we should rename the FT the FudT.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Apr 25th, 2006 at 07:46:09 AM EST
[ Parent ]

Exactly (none / 0)

Which is why their headline is horrible.

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

by Jerome a Paris (etg@eurotrib.com) on Tue Apr 25th, 2006 at 08:12:15 AM EST
[ Parent ]

Re: Exactly (none / 0)

Are they simply doing "oil = petrol(UK) = gas(US) = (nat)gas" in their head?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Apr 25th, 2006 at 08:16:10 AM EST
[ Parent ]

Irresponsible - and false - scaremongering on the FT's front page | 56 comments (56 topical, 0 editorial, 0 hidden)

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