Comments on: Paul Krugman’s oil policy is just talk http://www.thepolitic.com/archives/2008/08/05/paul-krugman-oil-policy-is-just-talk/ Conservative group weblog that publishes daily commentary on political events and topics affecting Canada, the United States and the world. Thu, 09 Sep 2010 02:32:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Aaron http://www.thepolitic.com/archives/2008/08/05/paul-krugman-oil-policy-is-just-talk/comment-page-1/#comment-182413 Aaron Thu, 07 Aug 2008 01:43:12 +0000 http://www.thepolitic.com/?p=3427#comment-182413 <i>According to consulting firm PFC Energy, only 7% of the world's estimated oil and gas reserves are in countries that allow private international companies free rein. Fully 65% are in the hands of state-owned companies such as Saudi Aramco, with the rest in countries such as Russia and Venezuela, where access by Western companies is difficult. </i> <a href="http://en.wikipedia.org/wiki/Nationalization_of_oil_supplies">LINK</a> That should explain Krugman's logic. According to consulting firm PFC Energy, only 7% of the world’s estimated oil and gas reserves are in countries that allow private international companies free rein. Fully 65% are in the hands of state-owned companies such as Saudi Aramco, with the rest in countries such as Russia and Venezuela, where access by Western companies is difficult.

LINK

That should explain Krugman’s logic.

]]> By: Clay http://www.thepolitic.com/archives/2008/08/05/paul-krugman-oil-policy-is-just-talk/comment-page-1/#comment-182406 Clay Wed, 06 Aug 2008 13:13:16 +0000 http://www.thepolitic.com/?p=3427#comment-182406 "Many of Saudi Arabia’s 6-million foreign workers labor under conditions that are sometimes compared to “modern-day slavery.” " This article could be carbon copied to describe the conditions faced by foreign workers in Southern Alberta's food processing plants. “Many of Saudi Arabia’s 6-million foreign workers labor under conditions that are sometimes compared to “modern-day slavery.” ”

This article could be carbon copied to describe the conditions faced by foreign workers in Southern Alberta’s food processing plants.

]]> By: Charles Anthony http://www.thepolitic.com/archives/2008/08/05/paul-krugman-oil-policy-is-just-talk/comment-page-1/#comment-182389 Charles Anthony Tue, 05 Aug 2008 14:36:29 +0000 http://www.thepolitic.com/?p=3427#comment-182389 Of course, oil producers <em>could</em> conceivably make more profit if they decreased the supply. I just do not how talking to a foreign supplier qualifies as a responsible economic policy. Of course, oil producers could conceivably make more profit if they decreased the supply. I just do not how talking to a foreign supplier qualifies as a responsible economic policy.

]]> By: C http://www.thepolitic.com/archives/2008/08/05/paul-krugman-oil-policy-is-just-talk/comment-page-1/#comment-182387 C Tue, 05 Aug 2008 12:21:37 +0000 http://www.thepolitic.com/?p=3427#comment-182387 "If the oil suppliers had profit to be gained by increasing supply, they would do it without the need of any American talking to them. Only a foolish economist would fail to grasp this obvious fact." Do you think the oil producers would make more profit if they decreased the supply? “If the oil suppliers had profit to be gained by increasing supply, they would do it without the need of any American talking to them. Only a foolish economist would fail to grasp this obvious fact.”

Do you think the oil producers would make more profit if they decreased the supply?

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