On February 6, Assistant Petroleum Minister Prince Abdulaziz Bin Salman provided a snapshot of Saudi Arabia's concerns about energy issues and climate change. He explained that Saudi Arabia is concerned about the lack of clarity in the direction of energy markets. Supply and demand scenarios have rarely been less clear, as evidenced from the continued debate about whether the world's oil production capacity, or demand, has peaked. Saudi officials complain that international energy forecasts have varied wildly over the last decade so much that it has undermined the Kingdom's ability to make logical investment decisions to develop further its production and refining capacity. The track record of international agencies on forecasting raises questions in their minds whether the current forecasts of future demand will be seen as just as far off as oil demand forecasts a decade ago. In that regard, they wonder if today's concern about climate change and how to address it will prove to be more reliable than previous predictions.
Labels: Natural law = Sharia law
Polistra was named after the original townsite of Manhattan (the one in Kansas). When I was growing up in Manhattan, I spent a lot of time exploring by foot, bike, and car. I discovered the ruins of an old mill along Wildcat Creek, and decided (inaccurately) that it was the remains of the original site of Polistra. Accurate or not, I've always liked the name, with its echoes of Poland (an under-appreciated friend of freedom) and stars. ==== The title icon is explained here. ==== Switchover: This 2007 entry marks a sharp change in worldview from neocon to pure populist. ===== The long illustrated story of Polistra's Dream is a time-travel fable, attempting to answer the dangerous revision of New Deal history propagated by Amity Shlaes. The Dream has 8 episodes, linked in a chain from the first. This entry explains the Shlaes connection.