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$125 Oil Not Sustainable for the Time Being [View article]
THERE IS NO SHORTAGE OF OIL... IT'S SIMPLY THAT THE DAYS OF FINDING EASY TO DRILL CHEAP OIL ARE FOREVER OVER.
T BOONE said, We're at 85 million barrels consumption PER DAY AND we're going to start a slow drift down regarding supply.
AND THIS SUPPLY WILL NEVER CATCH UP THIS DEMAND.
NOTHING magic is going to bring US back to $2 a gallon gasoline because now what WE ARE doing is just filling the gap.
If you're at 85 million barrels PER DAY now, he said, it's going to start to come down to 82, 81, 80.
So everything that you find now in the ground is going to replace that gap to bring you up to 85 million barrels a day. AND hopefully bring you to 87.
But then you have another line of demand and that's going up.
So THE gaps are getting Bigger and Bigger.
WE need to go drill and get everything WE can, but WE'RE no longer in the situation where we're going to have a Snap Back.
WE ARE IN A CRITICAL ENERGY 911.....!!!!
T BOONE SAID WE HAVE WAITED THIRTY YEARS TOO LATE TO DRILL.
EUROPE IS DRILLING LIKE CRAZY RUSSIA IS DRILLING AND ALL CONGRESS WANTS TO DO IS BLAME THOSE EVIL OIL COMPANIES FOR MAKING AN AVERAGE GROSS PROFIT OF BETWEEN 7 AND 8 PERCENT....
LISTEN I PERSONALLY MADE A VERY COMFORTABLE LIVING IN THE RETAIL FOOD INDUSTRY WHERE GROSS PROFIT ON FOOD IS BETWEEN 33 AND 50%...AND ALWAYS HAS BEEN.(WHERE IS THE OUT RAGE?)
OUR OWN GOVT HAS STOLEN FROM US ON THIS ONE.
THE STATE YOU LIVE IN MAKES MORE PROFIT ON A GALLON OF GAS THAN THE OIL COMPANIES DO...THIS IS WHY THE POLITICIANS KEEP THE GENERAL PUBLIC LOOKING THE OTHER WAY BLAMING ALL THOSE EVIL OIL COMPAMIES...WHAT A CON.........
UNTILL THE DAYS ALT-ENERGY ARE IN FULL SWING AND PRACTICAL I'M OF THE OPINION THAT WE MUST
DRILL HERE DRILL NOW !AND HOPEFULLY WE WILL PAY SOME LESS.
CONGRESS NEEDS TO GET OUT OF THE WAY AND LET THE DRILLING BEGIN...WE HAVE COME A LONG WAY WITH CLEAN PRACTICAL RETRIEVING METHODS...IN THIRTY YEARS
ALT ENERGY SOURCES ARE COMING BUT IT'S GOING TO HURT UNTLL
THEY ARRIVE....BUT UNTIL THEN THERE IS GOING TO BE FAIR PROFIT IN OIL AND IT'S INVESTORS FOR A VERY LONG TIME.