thinking ahead

Perfect Oil Storm Brewing in the U.S.

If anybody is looking to make up their mind about the supply side of this question, take the time to actually read "Twilight in the Desert". I believe you will be convinced that surplus production from the mideast is a myth. And if so, where will the replacement oil come from? The Brazilian finds are giants, but not super-giants. One more tidbit I picked up from the book: whenever you see oil being pumped out of the ground (as opposed to naturally flowing), that oil field is almost exhausted.