Quote:
|
Originally Posted by oldandslow
Donger:
I know you don't want to believe it, but we are on the platteau. Oil supply has been nearly flat for 2 years (between 85-86 mbpd) while demand keeps shooting through the roof (see US, China, India). To complicate matters further, countries like Russia are beginning to see the wisdom in keeping their crude at home.
You can bet, unless the US enters a major recession/depression, gas will climb to between 3.80 - 4.00 avg this spring.
If a major political or weather event erupts between now and then, all bets are off.
|
Actually, I don't disagree with that. I do disagree with peak oil, however. You and I both know that more could be drilled.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
|