Nawar Alsaadi

Expect Oil Prices to Rise: Three Major Oil Exporters Warn About Production

Actually the fanfare about this BP find is a further confirmation of peak oil, companies now are digging for oil 11 kilometers (35000 feet) under the ground of the ocean!? To find enough extractable oil that would satisfy the world needs based on current consumption levels for 12 days!? … and this is not to mention that the oil is supposed to hit the market in 2020…assuming we don’t have too many hurricanes!

Regards,
Nawar