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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 Migeru (migeru at eurotrib dot com) on Tue Jul 8th, 2014 at 06:50:53 PM EST
Brent is even higher. Oil production entered a new historic age in 2005. When marginal production like tar sands cost $80 to produce and fracking $70 it's not difficult to see where the new floor price is. We will never have cheap oil again -- though compared to its usefulness it's still very cheap. We're running out of booster rockets. What's the next stage? Sticking giant electrodes into tar sands that are powered by nuclear reactors?

Schengen is toast!
by epochepoque on Tue Jul 8th, 2014 at 08:24:28 PM EST
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although a lot of people are talking about this being driven by middlemen forcing profit expansion

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Wed Jul 9th, 2014 at 01:43:35 AM EST
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Or a market rigged by speculators, any time now it will crash...

Still waiting.

by afew (afew(a in a circle)eurotrib_dot_com) on Wed Jul 9th, 2014 at 03:34:11 AM EST
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What's the next stage? Sticking giant electrodes into tar sands that are powered by nuclear reactors?
Well... Big oil getting desperate: Making oil with nuclear energy by Jerome a Paris on September 24th, 2005
Total May Use Atomic Power At Oil-Sand Project (WSJ, behind subscription wall)

PARIS -- French oil giant Total SA, amid rising oil and natural-gas prices, is considering building a nuclear power plant to extract ultraheavy oil from the vast oil-sand fields of western Canada.



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 Migeru (migeru at eurotrib dot com) on Wed Jul 9th, 2014 at 08:24:54 AM EST
[ Parent ]
We're doomed.

I won't even bother adding the ™

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 9th, 2014 at 09:02:32 AM EST
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Doom is in the public domain now.

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 Migeru (migeru at eurotrib dot com) on Wed Jul 9th, 2014 at 09:20:46 AM EST
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