Comments on: Oh my…

By: Omri

Omri — Wed, 11 Nov 2009 02:37:05 +0000

Lucky indeed. Now “we” can get into all sorts of embarrassing international misadventures trying to procure uranium. Just like France!

By: john b

john b — Tue, 10 Nov 2009 22:55:55 +0000

@4 yes we do; no they don’t; no there isn’t; yes we can. Otherwise, spot on.

By: Matthew

Matthew — Tue, 10 Nov 2009 17:36:32 +0000

Luis – keep the price down in an election year (not saying it was done in an election year or that was the motive but just as an idea?)

By: Jim

Jim — Tue, 10 Nov 2009 12:43:03 +0000

We won’t be building nuclear plants anytime soon though. Firstly we don’t have the engineers to do it, secondly many of the hi tech parts come from Japan and there is a big backlog.
You could also add that we probably won’t be able to afford them, but that goes without saying really.

By: Luis Enrique

Luis Enrique — Tue, 10 Nov 2009 11:57:00 +0000

why would the US being doing what’s claimed above?

By: Serf

Serf — Tue, 10 Nov 2009 11:28:59 +0000

I have attended lectures by Fatih Birol, and he always highlights potential risks to his forecasts.

More scaremongering by greenies.

Luis,

The over stated reserves are not those of the major oil companies, but of the state owned ones. So if this turns out to be true, Exxon is quids in.

By: Luis Enrique

Luis Enrique — Tue, 10 Nov 2009 09:30:15 +0000

In whose interest would it be to conceal looming shortages?

Would the share prices of the oil companies rise or fall, if expected reserves & future discoveries were revised downwards? On the one hand, of course, there’s less oil to be taken out of the ground and sold – that makes the oil companies less valuable – but on the other hand, the price at which they’ll sell the oil is likely to be much higher.

it’s all very well saying ‘politicians’ are fibbing to prevent a panic, but if the oil companies thought panic would be profitable, I suspect we’d be panicking.

On the other hand, if they are fibbing about likely future oil flows, the oil companies cannot play that game forever; the share price will fall when truth outs. Watch out for insider share sales, I suppose.