Oil Man

Oil Price: $100 Before $150 - But $200 Before $50

"Oil Price: $100 Before $150 - But $200 Before $50" ! What a joke! How about Mexico, the third largest importer of oil to the US. (1.2mbd)Their production is declining rapidly and will probably stop exporting to the US in 3-5 years. Many other countries are in the same boat. The remaining oil that these countries have is being pumped out as fast as possible using pressure injection extraction techniques. (The Saudies are using this to increase output!)The US is in big trouble. Oil is its lifeline. New technologies (liquid coal, and gassification) are at least 10 years away from commercial production. There is no money in the US budget for mass transit or tax credits for fuel efficiency since the war has emptied its coffers. The US citizen has two choices. Suffer and put up with the consequences of increasing prices (shortages are right around the corner) or leave the country! I left in 2001 and have no plans on returning. I live in Europe. Europe can get along with less oil and higher prices, (accessable mass transit, centralized cities). We don't need cars to have a good life and prosper! The US is in for a big shock. The US will be a very different place at the end of the next decade, or sooner!