TheRealBull

Oil Manipulations Exposed

One last thing to think about. Sure we have moderate sized oil fields that we can still tap and bring online perhaps 10-15 years from now (what? Peak Oil is now?). This is especially true around the US. But, oil consumption is a world wide phenomena and sold on a world wide market! Each and everyday there are thousands of new energy consumers coming online from China, India, and especially the Middle East who have American dollars in their pockets burning a hole to live the good life...like we do in America! All this insatiable demand for oil will continue to outstrip supply by radical proportions. We have not found any significant sized oil fields in several decades meanwhile we are sucking dry the oil bank. And as much as you want to believe we have an endless gooey center in the Earth that produces oil continuously, well I have a bridge to sell to you.

Folks come back to Earth. You've been doped up on oil for way too long. If you really want to understand what is happening, I highly recommend you research the following term "EXPONENTIAL FUNCTION."

Meanwhile I think Chris Skrebowski, editor Petroleum Review sums it up our current situation quite well.

“The first peak that we’ve achieved. … [is] in light, low-sulphur crude. The next peak will be when the producer countries’ exports start falling because their [internal consumption] growth rates are much higher than those in the West….Finally we will get the peak where we simply cannot produce any more of any grade, any quality, anywhere. And that will give the final kick-up [in prices]…probably around 2011.”