[QUOTE] ExxonMobil has carried out a "major evacuation,'' and BP had evacuated 20 percent of its staff, the head of Iraq's state-run South Oil Company said Wednesday.
Dhiya Jaffar also said ENI, Schlumberger, Weatherford and Baker Hughes had no plans to evacuate staff from Iraq following the lightning advance of Sunni militants through the country. The companies, which are based in southern Iraq where the government is still in firm control, were not immediately available for comment.
"This message is not satisfactory for us. We are not convinced the work should not be done remotely. They should be here on the ground,'' Jaffar told Reuters.
"I assure the companies that the current developments in the country have not affected and will not affect in anyway the operations in the south,'' he said, adding that the export level for June will be 2.7 million barrels per day. [/QUOTE]
[URL="http://www.cnbc.com/id/101762384"]SOURCE[/URL]
So, you guys ready for the price of gas to go up?
You brits should protect their interests like haliburton
[QUOTE=Silence I Kill You;45143132][URL="http://www.cnbc.com/id/101762384"]SOURCE[/URL]
So, you guys ready for the price of gas to go up?[/QUOTE]
The middle east is not as big of an oil source as you think
USA gets most from ourselves and Canada
[QUOTE=Glitchman;45143165]The middle east is not as big of an oil source as you think
USA gets most from ourselves and Canada[/QUOTE]
The source doesn't matter as much as you think when it comes to something as globalized as oil. The world has a demand, and that demand is supplied by different countries. When one country's production slows, it decreases the available oil on the market, causing the price per barrel to go up. Since we have this "global economy", this means that no matter where you are, if the price per barrel goes up, the price of gas will go up. We may not feel it as much, but the price will go up.
[QUOTE=Glitchman;45143165]The middle east is not as big of an oil source as you think
USA gets most from ourselves and Canada[/QUOTE]
But the middle east is still a significant source for the world market, which is where the prices are set. Even if we didn't get a drop of oil from that part of the world, our oil (and therefore gas) prices will be hiked anyway.
[QUOTE=Silence I Kill You;45143132][URL="http://www.cnbc.com/id/101762384"]SOURCE[/URL]
So, you guys ready for the price of gas to go up?[/QUOTE]
that oil refinery makes oil and gas for iraq and the surrounding region
We'd be fine with oil but oil barons are going to use this to drive prices up, which is the real problem.
pansies. those oil companies have enough money to buy small private armies to defend their wells
[QUOTE=AJ10017;45144111]pansies. those oil companies have enough money to buy small private armies to defend their wells[/QUOTE]
They already do but people dying while protecting them well probably mean litigation.
Gas around me is already spiking. Went from 3.45 to 3.65 overnight
-snip-
I have to wonder if I'll ever get a car at this point. I live pretty close to the subway, and from what I hear car owners keep getting shit on, so I wonder if general car use will be less popular.
Too bad that government will look at it as "Look how good our public transit is!" and not "Look how shitty it is to own a car!"
I'm just glad my old '91 Toyota gets almost 30 to the gallon still, gas has been crazy here in socal. It's been about 4 bucks here since last year at least. I usually don't fill up unless I have to. I haven't even been buying gas for the lawn mower.
Looks like the shit might really hit the fan soon though. Either way, they will probably jack up the prices and use this crisis in Iraq as an excuse.
It's nice to see a big company not willing to senselessly risk the lives of their employees just to keep rolling in the dosh.
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