‘Resource Nationalism’ Threatens the Future Availability of Oil
Aug 29th, 2008 | By Byron King | Category: Featured, Financial NewsCrude oil is heading for its biggest weekly gain in almost two months as Gustav approaches the Gulf of Mexico.
According to Bloomberg: “Gustav is expected to reach Louisiana next week, passing through a region home to a quarter of U.S. oil output and 14% of natural gas production.”
Hurricanes pass. But over the long term, says energy and oil expert Byron King, we are facing a “profound change” in the future availability of oil. That’s because Western oil companies are being kept away from resources by uncooperative states…