Comments on: Petrol, Petrom, and the President

By: test

test — Sun, 23 Oct 2005 10:57:20 +0000

test

By: DCveR

DCveR — Sun, 23 Oct 2005 06:19:54 +0000

If you take a good look at Petrobras in Brasil and at Sonangol in Angola you’ll see the effects you mention happen everywhere, the main difference being that while Brasil managed to keep real control of it’s own oil Angola ended up giving away most of it’s profit. Nevertheless, and just the same way it happens also in Venezuela, the common citizen doesn’t profit from the fact that his country is an oil producer.

By: Oliver

Oliver — Sat, 22 Oct 2005 17:12:40 +0000

Another point would be to pressure OMV to upgrade the refining capabilities faster & better than they have been.

It is very obviously in their interest to increase capacity. They’ll do it anyway, as much as is practical.

nobody’s going to run tankers across the border to save 20 cents a liter.

Of course they would. Assuming 10000 liters in a tank truck, that is 2000 Euros. And for less in savings it is not worth tarnishing Romania’s image.

By: Doug

Doug — Fri, 21 Oct 2005 19:27:33 +0000

Another point would be to pressure OMV to upgrade the refining capabilities faster & better than they have been. After all, they’ve got all that cash floating around…

By: Wild Bill

Wild Bill — Fri, 21 Oct 2005 13:11:18 +0000

It sounds to me like the romanians are heading into something like what the US ran into in the 1880s; but Teddy Roosevelt Basescu isn’t.

By: Alex

Alex — Fri, 21 Oct 2005 06:49:18 +0000

Aaaargh! Subsidising oil use – TYR no stand it – BAD MEDICINE!

—calms down—

Far better idea: Slap a windfall excess-profits tax on the infuriating Austrian fatbacks. They can’t disinvest because of the existing refineries and reserves..and they’re still coining it.

By: Halfway down the Danube

Halfway down the Danube — Fri, 21 Oct 2005 04:46:37 +0000

While we’re away

Probably no posts from me or Claudia for the next few days, as we’ll all be in Germany. If you feel the need to read blog posts by me, here are my last few posts on A Fistful of…