GoBlue

Oil: A Slippery Slope Ahead?

Failed to mention declining production almost everywhere in the world....Mexico's fields are a mess, the north sea is a mess, Russia is declining, and yes (gulp) even the Saudis must be in decline because they have been pumping these wells since the 40's. China's timulus package won't hurt either. This is not the tech bubble. New Oil is harder, and more expensive to find. Putting more mone into it hasn't helped nearly as much as is implied in this article.