Jim Letourneau's Blog

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Mine Mine Mine

The seagulls in Finding Nemo act like Mother Teresa compared to governments that discover they have a claim to oil revenues. When oil prices are high everyone wants a piece of the pie.

Hisham Zubari, the head reservoir engineer for Bahrain Petroleum Co, raised the specter of greedy oil companies pillaging oil fields.

"A reservoir is like a human being, you can exhaust it by working it too hard, too fast," Zubari said in an interview on Wednesday after a presentation at the Institute of French Petroleum in the Paris suburb of Rueil-Malmaison. "When they try to maximise profit, they