Tuesday, March 23rd, 2010
11

But Alaska Is Rife with Liquid Black Bounty!

OPEC FEARS HIMThe same kind of scientists "frauds" who talk about "climate change" are also claiming that we are "running out of oil." Sarah Palin is going to be pissed. Just insert scare quotes throughout: The scientist and researchers from Oxford University claimed official figures are inflated because Opec member countries over-reported reserves in the 1980s when competing for global market share. The new research, released today, said estimates of conventional reserves should be downgraded from 1.15 trillion barrels to 1.35 trillion barrels to between 850 billion and 900 billion barrels, adding that demand may outstrip supply as early as 2014." And what's more? Shia LaBeouf agrees that now is the time to go big in the market on oil! (Previously; previously; via.)

11 Comments / Post A Comment

DoctorDisaster (#1,970)

Every time Jon Stewart rips on finance reporters, I think, It can't possibly be that bad.

I am wrong. Every time.

brianvan (#149)

Yet Jon Stewart's frequent tendency to go off on people, while not touching on any of that nasty "leadership" or "problem-solving" stuff that would help fix the country but drop his ratings and get his ass canceled, means he is just as bad as Glenn Beck.

Wait, you're still watching "TV news"?

DoctorDisaster (#1,970)

To your first point – even without the expertise or resources to do investigative work (hell, nobody even expects them to do investigative work), TDS does a better job than anybody on TV at shedding light on the dark corners of our political/media complex.

The very idea that we would expect "leadership" or "problem-solving" from journalists (much less comedians!) is ludicrous. Their job is to tell us what the fuck is going on – no more or less. You're supposed to expect leadership from leaders, not the town crier or the court jester.

And in fairness, they host a lot of guests who have quite pointed view on leadership and problem solving, usually at the expense of ratings.

To your second point – only on the internet.

Matt (#26)

I have enjoyed "Scare Quote Day" on "the Awl."

kneetoe (#1,881)

This goes to the never-ending battle between economists and scientists/environmentalists, where economists counter that lower supply raises prices which makes previously un-economical supplies usable which leads to more supply and lower prices or something. But the sentiment I like is, to paraphrase someone, that the stone age didn't end because they ran out of stones.

the stone age didn't end…

kneetoe (#1,881)

True, but it's being gradually phased out.

Mindpowered (#948)

Hmm.. not in this case. Here the cost of extraction of non-conventional sources (read oil-sands/ deep sea oil) over that of traditional land based light sweet crude gets passed on to you and me.

This scares the shit out of me, as did Collapse .

Bittersweet (#765)

Well, damn, if Shia LaBoeuf said it, man, guess I'd better go re-balance my portfolio.

HiredGoons (#603)

Yes, fine, banana…

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