Bro we can always drop some off the tax , maybe as much as $3 USD ,
can you guys do the same ?
just been reading this , and the figs seem about right,
but at $200 USD a barrel the Canadian shale fields could become a possibility ,
"Projecting 2001 production levels, by 2020 83% of global oil reserves will be controlled by Middle Eastern regimes.
The energy security and national security concerns that stem from reliance on a single energy resource that is unevenly distributed throughout the world will be intensified as demand for oil grows. The result will probably be:
A handful of Middle East suppliers will regain the influence they had in the 1970s and once again be able to dictate the terms on world oil markets and manipulate oil prices and world politics.
Middle Eastern producers will continue to use their oil revenues to increase their military expenditures, fuel an arms race and undermine regional stability.
Corrupt, oppressive regimes will continue to use oil revenues as a means to maintain their power.
Wealth generated by oil rich Middle Eastern countries will continue to flow into terrorist organizations and organizations promoting radical Islam.
The U.S. will need to keep increasing American military presence in the region to ensure our access to the remaining oil. This will mean further U.S. embroilment in Middle East conflicts, more anti-American sentiment, and a deepening rift between the West and the Islamic world.
Tension between the U.S. and China due to growing Chinese intervention in the Middle East to ensure its own access to oil and Chinese arming of Middle Eastern countries hostile to the U.S. and its allies.
Further drain on economic resources caused by imports of expensive oil. "
http://www.iags.org/futureofoil.html------------------------------------------------------------------------------------------------
oil will be about finished in 20 years , thats why my bet with Dlewis is on a winner , it ain't never going to be cheaper than it is now, maybe minor fluctuations in the mean while but the only way is UP long term , sooner we all accept that , and that includes the UK , ( our oil is about gone , ) we sold it cheap years back ,
we now import gas from Russia , without that we would freeze in the winter, I have my catalytic gas fire on at the moment , burning Russian gas , they may decide they need it more than me , and turn the gas off , and I note Russia and America are thinking about building a pipe link between Russia and America,
WOW, times are indeed changing , the world is shrinking , and alegencies are changing ,
so where are the reds under the bed gone ? and will we all be kissing ass to the islamic nations ?
maybe so , just glad I won't be around to see those times , but my grandchildren will be ,
IMHO cheap oil is gone forever ,
BTW, I would be happy to be proved wrong on that ,
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