View Single Post
Old 06-28-2005   #48
Onefast99gsx
 

Join Date: Sep 2004
Location: Wisconsin
Posts: 1,411
Re: Wow! Oil hits $60/barrel today

Yep, everytime we talk about about alternative fuels, the price begins to drop some. I really think this whole thing right now is a test. A test to see where it starts to really affect economy. The suits tell us our demand is 86 million barrels a day where only 84 mill is being produced. You just can't listen to them. Alot of this has to be fabricated stories to line their pockets. They come up with these stories that they can't drill anymore but that's b.s. When is the last time they built a new oil rig or tried to drill elsewhere. If they start pumping excessive amount of oil out of the ground they will have to reduce the price because they have a surplus of it. That's definately what the big oil cartel does NOT want. It's not really about keeping up with demand. It's about setting a quota of 84 million/day, sticking to that quota and rationing it off with high gas prices. They don't want to put the effort into drilling more when they can remain rich at the current output. Don't think for a minute that they are reinvesting those billions of dollars back into the industry with alternative methods and sources. They are only a handful of alternatives we have: Nuclear, Coal, Hydrogen, Solar and probably a couple more and how much have those technologies moved forth. It will probably be a decade at least before we see hydrogen gas stations around here.

Enough, i'm off to bed.
Onefast99gsx is offline   Reply With Quote