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Since 9/11, the threshold for being considered national security has gone down significantly, too much paranoia. Of course the private businesses, in this case
by akg_67 11y ago
Since 9/11, the threshold for being considered national security has gone down significantly, too much paranoia. Of course the private businesses, in this case O&G companies, trading exchange and trading firms, benefit from certain assets being declared of national security importance as the cost of securing get transferred to the government and taxpayers.
- walterbell 11y agoThanks for that financing context, sad that Bloomberg forgot to add it.
- Bud 11y agoYeah, whatever. Let's see the US run out of oil, then let's wait 30 days or so, and then you try telling me (if you're still alive) that it's not a national security issue.
- CyberDildonics 11y agoOil is sold through OPEC, the US won't run out of oil in isolation (and of course it won't run out at all). Oil is also distributed all over the earth at various costs to extract, so oil would rise in price as a commodity decades before it actually runs out. It would gradually price itself out of different uses.