Pastoral Resources

Cycles of shortage and surplus characterize the entire history of oil.

If a war started, the oil price probably would go up, as you said, maybe $5, $6 a barrel until you saw other oil from the extra supplies that are available elsewhere coming into the world, into the market.

A premium in the oil price of somewhere between 10 to 15 dollars a barrel reflects this heightened anxiety.

We're aligning ourselves with Kerry. Our allegiance will be for peace, against war, no more deaths for oil, and for a dialogue between the government of Spain and the new Kerry administration.

I didn't sign any contracts, and I didn't see any oil.

It seems that almost every time a valuable natural resource is discovered in the world-whether it be diamonds, rubber, gold, oil, whatever-often what results is a tragedy for the country in which they are found. Making matters worse, the resulting riches from these resources rarely benefit the people of the country from which they come.