You really need to chill a bit with those doom’s day scenarios. There is enough oil in the world for the next 20-30 years; it’s just got a bit more expensive to get it out. There are news fields in Brazil, North Sea; they even just found probably the biggest oil reserve in North Dakota (over 100 billions). In few years solar and wind power will take some of the oil’s usage and everything will be back to normal. Read the recent senate testimony by a top hedge fund trader. It’s not about supply and demand any more. It’s way beyond it. Big money is being involved. Wake up…
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May 24 12:55 pm
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All Comments by Mosh »Blowing the Bubble Bigger [View article]
You really need to chill a bit with those doom’s day scenarios. There is enough oil in the world for the next 20-30 years; it’s just got a bit more expensive to get it out.
There are news fields in Brazil, North Sea; they even just found probably the biggest oil reserve in North Dakota (over 100 billions). In few years solar and wind power will take some of the oil’s usage and everything will be back to normal.
Read the recent senate testimony by a top hedge fund trader. It’s not about supply and demand any more. It’s way beyond it. Big money is being involved. Wake up…
hsgac.senate.gov/publi... - READ IT!