Culture is perishing in overproduction, in an avalanche of words, in the madness of quantity.
Quotes about overproduction (6 Quotes)
It's clear to us that the overproduction of OPEC members at the moment is more than sufficient to compensate for the loss of Iraqi volumes as they currently stand.
Heating oil prices will be influenced by the weather but its price will mainly be lower this winter because of the overproduction of crude oil.
It looks like the two leaders are cutting production somewhat. That's good news. It should help this overproduction problem we have right now.
Ours is a culture based on excess, on overproduction the result is a steady loss of sharpness in our sensory experience. All the conditions of modern life -- its material plenitude, its sheer crowdedness -- conjoin to dull our sensory faculties.
Meanwhile Chavez is picking fights with foreign oil companies including Shell, ExxonMobil, Repsol YPF, Chevron, BP, and Total that have been working in Venezuela for years. Thirty-two publicly traded oil companies are accused of owing Venezuela 4 billion in back taxes for overproduction something they deny. This follows Venezuela's hikes in production royalties from 1 to 16.7 in October, hikes in taxes on operating agreements from 32 to 50 in April, and a declared end to contracted dollar payments to foreign oil field operators in May. The desire to operate in Venezuela, ... is fading fast.