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To: econjack
I think there's a political element. But doing what they are doing is consistent with maximizing their long term return on their reserves.

I'm not a greenie by any means but I believe that oil will be relegated as old technology for energy within 50 years. I suspect SA thinks so too. Once the world uses another primary energy source their reserves are worth little.

They have to pump while there's demand.

44 posted on 01/15/2015 9:59:26 AM PST by gogeo (If you are Tea Party, the eGOP does not want you.)
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To: gogeo

You’re probably right...


45 posted on 01/15/2015 10:54:43 AM PST by econjack (I'm not bossy...I just know what you should be doing.)
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