Dave5577

The Global Oil Scam: 50 Times Bigger than Madoff

Oil demand longterm is increasing. Exploration and development/production costs longterm are increasing. Therefore oil prices should increase longterm. Many spikes and pull backs can occur along the way to much higher oil prices longterm. Quit denying the obvious fact that longterm we are looking at much higher oil prices. If we manufacture government market control over something as basic as oil trading and hence oil production/development we will generate much worse shortages of the product than we would have otherwise. It would be a terrible mistake. But some people want to control the availability of hydrocarbons to make artifical shortages. They will have their way and all will suffer for it horribly. Some big guys with government connections will make alot of dough. Keep the governments out of this area. To allow them to meddle ...a mistake!

For Your Perusal: The Glory of Free Market Oil Supply

Another indication of peak oil perhaps. Show a chart of their acquisition expense and exploration and development expenses over the same time period. And do not forget the long lead times to bring new oil to market...at times it can be 10 years or more with permits and the like.... Basically a chart that does not indicate what the author says it indicates.