The first said the largest driving force of the price of oil was the situation in Venezuela, a story I've been trying to understand for weeks. Venezuela is producing less and less oil.
A May article from Peak Oil quoted government numbers and said:
The IEA reported that Venezuelan oil production dropped by 40,000 b/d in April to 2.35 million. The transfer of the Orinoco heavy crude projects to government control has increased the uncertainty about the future of Venezuelan production. Last month, Orinoco heavy crude oil enhancing projects supplied only 455,000 bpd -compared to their 630,000 bpd capacity- because of both "nationalization" and compliance with the OPEC production.
My friend said that Chavez was concentrating on the people inside of the country and letting the oil field languish (I don't think he used the word languish...). I said that is a good thing, isn't it? I felt like Shirley Temple. He was talking about the economy of the world.
My friend who works with Care was talking about another country where mining (not oil, it's true) operations were stalled because of money distribution issues. She said, "All that energy is in the ground, not doing anybody any good."
8. An amount of a mineral, fossil fuel, or other resource known to exist in a particular location and to be exploitable.
Known to be exploitable...
The Army Reseves
The Federal Reserves
reserved for you
Future and containment reside in every definition.
Yes, maybe containment is entirely disruptive in the present.
Yes, maybe containment is a way to stop suffering in the present.
Yes, maybe containment is keeping what resides from doing good in the present.
My son was up, screaming, from 1-4.
I'm dizzy, and calling on my own reserves today.