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The Oil Drum Understanding the oil patch
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"The Oil Drum
Discussions about Energy and Our Future
Julian Darley and The Relocalization Movement
The Oil Drum
Gas fields also deplete, but faster
Understanding the oil patch
Posted by Bubba on November 18, 2005 - 11:29pm
Topic: Supply/Production
Tags: oil companies , peak oil [ list all tags ]
The following was first posted in September at Belly of the Beast . It has been subsequently posted here due to the much larger readership of TOD.
Many people who are interested in Peak Oil or oil and gas production in general tend to be woefully ignorant about the companies that produce much of the oil in the world and sell it back to the public as gasoline or other products. Many, if not most, people who are not involved in the industry, at least in a peripheral way, tend to ascribe all kinds of devious, conspiratorial, and unethical if not evil intentions to these companies. They treat the multi-national companies as if they were some sort of conspiracy against the earth. This may sound self-serving, but I am going to tell you the way it really is, or at least the way that I have seen it to be observing it from the inside for the past 20 years.
First of all, these companies, like all companies, are made up of people. That may sound stupid and redundant, but some individuals, based on what they write, seem to think that the Exxons of the world are organized like the Galactic Empire of Star Wars with a Sith lord at the top directing all the evil. The fact of the matter is that the people who work in these companies tend to be extremely normal. For the US-based contingent of these companies the employees probably vote Republican more frequently than the country as a whole, and they tend to be a church-going lot - to a large degree because of the concentration of these companies in the South (Houston, New Orleans, etc.), however, they are concerned with most of the same things you are.
The one thing they"
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