[early 21st century American protologism, 'numbskull', dimwit; dolt + 'skulduggery', mean dishonesty or trickery]
n.
A strategy, action, or conspiracy marked by outright stupidity and undertaken with malign intent.
June 26, 2008
QOTD:
“ The International Energy Agency, a premiere source of oil-related information, was caught off guard by the surge in oil prices, so it decided it needed to get a better grip on capacity. The IEA is only partway through a survey of the world’s biggest oil fields, yet says it expects to show a significant reduction in estimated reserves. But even when concluded, this project will be far from reliable. For starters, take OPEC, which is estimated to control two-thirds of the oil reserves and to provide 36 percent of oil production and is largely unresponsive with IEA inquiries. And cooperation doesn’t always translate into insight. For instance, Iraq recently claimed it has as much as 350 billion barrels of oil, triple its proven reserves and more than even oil kingpin Saudi Arabia has. Is this claim completely crazy? No one knows for sure; Iraq is underexplored, with only 2,000 oil wells versus more than 1 million in Texas.
