This latest fiasco in the Gulf of Mexico touches more persons than those with major stakes in the operation. It would of course make a difference in financial dealings, both in the stock markets around the world and in future markets which foresee petrol pricing. Therefore, it should come as no surprise that all workers, be they petroleum engineer or the most expendable roughneck, wants this latest news to subside. Drill, Baby, Drill is the unspoken word of the lot of them. Not least are those who depend on royalty payments or the jobs of their kin.
Taken to a larger field, we are dealing with other nations who have their own take on how petroleum will be a part of our future. I just interject here that there is a pipeline, not yet completed, which has a part to play in Afghanistan. Why else would a group of Europeans (NATO) care about all those "istans" if not for the need to be supplied with energy?
A wire service report mentioned after the G20 meeting in Toronto that the principals in attendance talked about world problems. And, yes, several are committed to taking a more active role. If it's financial matters they discuss how could not keep uptodate with what's going on in the oil patch?
As someone who has lived through war and government capers, I come back to where I usually do. Watch oil! It will tell the story of what major corporations are thinking when they get ready to explain themselves at annual meetings.
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.