tag:blogger.com,1999:blog-1995265727785095215.post2934041442582611925..comments2023-03-14T08:02:38.676+00:00Comments on BrainNoodles: The Next Oil CrisisIanhttp://www.blogger.com/profile/15299791102319963866noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1995265727785095215.post-14561342976317576272004-05-19T19:51:00.000+01:002004-05-19T19:51:00.000+01:00http://news.bbc.co.uk/1/hi/business/3728439.stm&qu...http://news.bbc.co.uk/1/hi/business/3728439.stm<br><br><br>"In any case, he said, Opec members were already pumping 85-95% of capacity."<br><br><br>Opec should not raise supply; the West needs to reduce demand. Unfortunately, you can't ask China and India to stop developing.Iannoreply@blogger.comtag:blogger.com,1999:blog-1995265727785095215.post-11956949644903696702004-05-24T21:02:00.000+01:002004-05-24T21:02:00.000+01:00http://news.bbc.co.uk/1/hi/business/3743581.stmGar...http://news.bbc.co.uk/1/hi/business/3743581.stm<br><br><br>Gary Ross, of New York's PIRA energy consultancy added: "At the end of the day Saudi Arabia is the only country with significant spare capacity and they are not going to be constrained by others with none." <br><br><br>"With the country controlling 30% of the world's proven reserves, Saudi cannot afford to let runaway oil prices to harm long term fuel demand and give an incentive to invest in alternative energy sources."<br><br><br>I highly doubt Saudi Arabia needs to worry about that.Iannoreply@blogger.comtag:blogger.com,1999:blog-1995265727785095215.post-40615148417798633962004-05-31T19:11:00.000+01:002004-05-31T19:11:00.000+01:00Wouldn't it be a good terrorist tactic to try ...Wouldn't it be a good terrorist tactic to try and increase the price of oil? That would have the greatest impact on Western economies and cause political unrest.<br><br><br>http://news.bbc.co.uk/1/hi/business/3763313.stmIannoreply@blogger.comtag:blogger.com,1999:blog-1995265727785095215.post-8417354160467469142004-06-07T07:15:00.000+01:002004-06-07T07:15:00.000+01:00Low cost airlines will feel the pinch firsthttp://...Low cost airlines will feel the pinch first<br><br><br>http://news.bbc.co.uk/1/hi/business/3782403.stmIannoreply@blogger.com