phillips49

Black Gold or Yellow Gold?

It is interesting to note that Saudi's are investing heavily in heavy, sour crude refining. Wonder why? Peak in light sweet crude maybe?

The G8 meeting this weekend did not offer much hope of near term relief. They didn't blame speculators or big oil for the rise in the price of crude. They seemed to accept the supply/demand argument as the primary cause of the rise in oil. Their focus was on conservation and alternative energy. Wonder why? Maybe they know that we are reaching or are at the peak in economically available petrol.

Visit americansolutions.com to promote development domestic exploration for oil. If we don't tend to our own business on energy, we'll be out of business!!