orphan news story

[ritaxis]

From the Cox News Agency, in my local paper -- but only in the print version, not online, and I can't find it anywhere else:


by Jeff Nesmith:

The world is using so much crude oil that supplies can no longer be stretched to control prices, Energy Secretary Samuel Bodman said Friday.
"Demand is right at the ragged edge of supply," Bodman said. "Therefore, we are in the hands of the traders, and they are setting prices in a free market."
The world price of crude oil passed $60 a barrel for the first time on June 27 and has remained near that level. Light, sweet crude for August delivery settled at $59.63 a barrel Friday on the New York Mercantile Exchange.
Over the last 20 years, the price of crude oil was responsible for 85 per cent of the change in the price of U.S. gasoline, the Federal Trade Commission reported, meaning gas prices could reach new heights.
While producers increased production as demand increased in previous years, there was virtually no increase in oil supplies in 2004, Bodman said.

Now, since W makes his profit off the exploration for oil, rather than the production, refinement, or marketing of oil, this state of affairs pleases him mightily.

Why is an obscure right-wing news service, and an obscure small-town newspaper, the only source I can find for this thing?

Comments

[brooksmoses]

Source for which bit? Bodman's comment, or oil passing $60/barrel (which suzimoses was telling me about last week)?

The Christian Science Monitor article looks like a fairly good source.

[ritaxis.livejournal.com]

The Bodman thing. I bow to your superior searching powers.

[dd-b.livejournal.com]

Also in the Milwaukee Journal Sentinel (http://www.jsonline.com/bym/news/jul05/339786.asp).

The general strategy to find other derivatives of the same wire-service story is to search on news.google.com for a key quote phrase, or a few keywords. In this particular case I used "Bodman" and "stretched", is all. brooksmoses seems to have used "ragged edge of supply", which is the obvious quotable phrase to go for.

[ritaxis.livejournal.com]

Yes, I just chose the wrong keyword phrase and didn't think to try new ones.

Re: Actually,

[ritaxis.livejournal.com]

The news isn't that demand is high and supply is fixed and prices are going to climb. The news is that someone in the administration is willing to admit that we're about to run out.

[madwriter.livejournal.com]

If you want this with a lot of context wrapped up with it, do a Google search for the term "peak oil".

Some people think peak oil was another unspoken driving factor behind the war in Iraq, which has some of the biggest oil reserves--many still untapped--in the world. Not just "war for oil", but "war to keep the oil flowing".