OIL-INDUSTRY UPDATE
Things are getting nasty.
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December 29, 2005
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They are welcome to him . . .
Posted by: Mahatma Kane Jeeves | December 29, 2005 at 01:39 PM
I read the article, came up with a comment and was prepared to be FIRST, but apparently not, so I'm taking my toys and going home - hmmmph!
*wonders if Istarn read the whole article*
Posted by: Eleanor | December 29, 2005 at 01:40 PM
okay so a guy walks into a bar....
Posted by: mudstuffin | December 29, 2005 at 01:41 PM
OK, does "under-recoveries" mean they're selling gas at a loss - I bet not, otherwise they'd just stop exporting to Sri Lanka, wouldn't they?
So, in other words, they're still making a profit, and just being prevented from making multi-billion dollar profits at the expense of consumers...
hmmmmm - not a bad idea - too bad our Pres is an oil man
Posted by: TCK | December 29, 2005 at 01:43 PM
"However, petroleum ministry officials are concerned as the arrears that have piled up are impacting the liquidity of IOC."
Somehow that's just disgusting...
Posted by: Betsy | December 29, 2005 at 01:44 PM
hi
nice site, good work
Posted by: susi | December 29, 2005 at 01:52 PM
I'm assuming this was posted because of the word "prick" in the headline, not for the very interesting economic theories that are being followed in Sri Lanka. GOOD, I was scared for a moment. Besides, from what I've seen, the oil business is full of pricks.
Posted by: Peg Leg Pete | December 29, 2005 at 01:57 PM
geez Pete - I completely missed the headline
*wanders off in search of stronger coffee*
Posted by: TCK | December 29, 2005 at 02:01 PM
"The Sri Lankan government is forcing Indian Oil Corporation (IOC) to sell petrol and diesel in the Emerald Island"
What does the Sri Lankan govt have to do with the price of diesel in Ireland?
Posted by: Sir Lanka | December 29, 2005 at 02:08 PM
And what does the International Olympic Committee have to do with the price of oil?
Posted by: ScottMGS | December 29, 2005 at 03:35 PM
... and ...
However, petroleum ministry officials are concerned as the arrears that have piled up are impacting the liquidity of IOC.
Non-liquid oil ... ?
Wouldn't that be ... tar? Or Asphalt? Or Macadam?
Does this mean that the prexy of IOC is putting his pr!ck on the pavement?
Won't that hurt?
One may only hope ...
Posted by: U.O | December 29, 2005 at 03:59 PM
isn't non-liquid petroleum Vaseline?
and wouldn't that make putting his prick on the pavement less painful?
OK, this article is starting to make sense to me (coffee must be strong enough)
Posted by: TCK | December 29, 2005 at 04:08 PM
Well, Vaseline (tm) is touted as "petroleum jelly" ... so ... if it's "jelly" that means it sorta "in between" a condition of "hard" and "wet" and ... um ... nevermind ..
Posted by: U.O | December 29, 2005 at 04:21 PM
Yeah, how did Sri Lanka get to be the Emerald Isle (in addition to already being Ceylon and Serendip)?
Posted by: orangemike | December 29, 2005 at 10:20 PM