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David Strahan on OPEC, on the BBC

Submitted by: MikeC (Admin) on 28-May-08 03:26:55 PM

'pulling chestnuts out of the fire' David Strahan talking to the BEEB

David Strahan, author of The Last Oil Shock and, of course, guest on our own DEA Podcast back in February (Oil, Energy and Climate Change), has been busy providing soundbites to his media chums over the last couple of days.

Last night, More4 News had him on a piece talking about Peak Oil and today, BBC News has him commenting on the prospects of OPEC splashing more oil on to the world market.

He thinks it 'fanciful' that OPEC can "pull our chestnuts out of the fire" when evidence suggests they are at their "geological limits".

The report is part of Gordon Brown's scheduled meeting with oil exec's in Scotland this morning - If you miss it on the evening news, you can watch the report over at the BEEB.

Squeezing the rock dry

The Prime Minister wants the oil companies to squeeze an additional 50,000 barrels of oil a day from the North Sea (the world consumes around 86m/day).

Question I have is (apart from the time it would take): where would the oil go?

To the world market (to help drive down prices)?

Or should we begin to get all nationalistic and think about hoarding it? But then, how does that square with an increasingly nationalistic Scotland with an eye on that same North Sea oil?

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