Exxon's Sharp Elbows

New Europe has an interesting story on the prospect of ExxonMobil assuming control of developing Kazakhstan's supergiant Kashagan oilfield. The issue is important, since amid tight oil supplies for the next few years we're talking about the eventual export of some 1.5 million barrels of oil a day from the field.

Italy's Eni, the current operator, has steadfastly denied that its position is at risk. But in the story, an unnamed source says that Energy Secretary Samuel Bodman actually lobbied the Kazakhs on Exxon's behalf.

It is a long shot. For one thing, where would the American giant find the skilled workers to carry out the job? But what's worth discussing is the prospect of finally getting management in place that could indisputably get the oil flowing as fast as humanly possible.

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Photo: Azrainman
Photo rights: Creative Commons