JJTERRITO

Crude Reality: Big Oil's Purposely Restricting Supply

Tony must have smoked before writing this piece of crap.I got into the oil business in 1962 when it was a low profit industry.The short sighted greenies prompted the plugging of more than 300,000 stripper wells which today would have added about amillion barrels of production per day.Do the math and you can see that our outflow of dollars woild have been reduced by $125,000,000. per day.Consider the number of individyuals coulh have enjoyed liveable wages.Drill,drill,dril... should be the slogan for the next decade,increase employment,decrease welfare,states could enjoy a cash cow in the form of royalties,taxes could come down if the politicos stop spending and we would really have the American Dream.Unfortunately some people don't want that because the public will not be living on handouts in the form of silly rebates.Let's wise up and throw the present bums out with term limits and get real representation.

Is the Oil and Energy Bubble About to Burst?

Oil supply is so political beyond belief.There is as much or more oil left behind than that which has been produced.The single biggest contributor to our balance of payments deficit is imported crude.Our untapped resources have never been provided.If we are not interested in developing our own sources,why should foreign producers have pity on our misguided and stupid ways.