So I'm guessing you're opposed to this?
http://oilandgas-investments.com/2011/top-stories/goldman-sachs-predicts-that-u-s-will-be-worlds-largest-producer-of-oil-in-2017/Goldman Sachs predicts that U.S. will be world’s largest producer of oil in 2017Goldman Sachs made a prediction on Sunday, September 11, that the United States will become the world's largest oil producing country by 2017. This significant production boost will occur as a result of utilizing a new definition of oil and generous estimates for the amount of liquids-rich shale production that can occur, The Oil Drum reports.
The investment bank has claimed that the country's daily production of oil will grow from 8.3 million to 10.9 million barrels of oil per day (Mbopd) by the year 2017, according to the media outlet. This level of production would exceed both Saudi Arabia and Russia, which is currently the top oil producer. The European and Asian country should only increase its oil production by 100,000 barrels during this period, which would result in a total output of 10.7 Mbopd, according to Dow Jones Newswires.
How Goldman Sachs arrived at its current production estimate of 8.3 Mbopd is ambiguous, The Oil Drum reports. The Energy Information Agency states that daily production averaged 5.6 Mbopd in June. The media outlet speculates that the investment bank erroneously included natural gas liquids and liquefied refinery gases in oil, but even then the numbers only total 7.8 Mbopd. From your link:
How Goldman Sachs arrived at its current production estimate of 8.3 Mbopd is ambiguous, The Oil Drum reports. The Energy Information Agency states that daily production averaged 5.6 Mbopd in June. The media outlet speculates that the investment bank erroneously included natural gas liquids and liquefied refinery gases in oil, but even then the numbers only total 7.8 Mbopd.
If this is such an earth-shattering disclosure, then why did only Goldman-Sachs report it? Why did nobody else verify their claim? All you have is this blog which states they claim is in error...
Oh. Maybe this is why.
http://www.theoildrum.com/node/8367Maybe somebody screwed up and a report intended for internal use only was made public.
It seems unlikely at first glance that GS would release such an error riddled report as this one, given that the errors are so glaring and so obvious.
Now if the "bent facts" were of the kind less subject to simple verification........
On the other hand, no one ever went broke overestimating the gullibility of the American public.
My guess after a moment's thought is that this is a deliberate attempt to influence public opinion in favor of the banksters and the conservative wing prior to the next election cycle.
This report will become a sort of Area 51 flying saucer and will be accepted as gospel by those who WANT TO believe it.It is perfectly safe to assume that none of them will bother to check the accuracy of the report.
Now for the compelling question...
FaFa: What have you done to lilMike to join you as a Conspiracy Theorist Extraordinaire???
