don2m

Marc Faber, Jim Rogers and Boone Pickens - Bullish on Oil

Comments by PrudentMan are very true. I believe it was 1977 that the Dept of Energy was formed for the sole purpose of getting us off foreign oil dependency. One need only to look at what that has done other than of course providing jobs to federal beauracrats and over 125,000 contractors and a budget of many billions. Foreign oil dependency is more than twice than it was then. So much for government efficiency !
Until there is an alternative and a viable one which is not even in sight, oil will continue to be under the pressures of the day.