After working in the oil patch most of my career, it doesn't really matter what we 'think', it matters what we are charged. ... If we don't want it, we don't have to buy it.
There are many centuries of $500/barrel oil (in todays $$) and no $14/barrel oil available. The price is what the market will bear. There are a few minimums, but each producer has their real 'cost of production' and if they can't get that much, they will close in the well and wait till it comes above that prices. At any point in time in histsory, the story is 'all the easy oil has been found', so they keep spending more to find more, so they have to charge more (plus a profit, of course. ... Oil companies are not altruistic. Most of them take a page from the Ayn Rand philosophy books. - Read the books The Fountainview, and Atlas Shrugged by her to see what I mean.) ><> ... Jack Whatever you do, work at it with all your heart... Colossians 3:23 "You don't manage people; you manage things. You lead people." — Admiral Grace Hopper, USN "If you are not part of the solution, you are part of the precipitate" - Henry J. Tillman "Anyone who has never made a mistake, has never tried anything new." - Albert Einstein On Sun, Jun 3, 2012 at 2:18 PM, Stuart Stevenson <[email protected]> wrote: > And the claims of peak petroleum are bunk and a bill of goods in an attempt > to control us and fleece us. > On Jun 3, 2012 1:53 PM, "Dave" <[email protected]> wrote: > > ------------------------------------------------------------------------------ Live Security Virtual Conference Exclusive live event will cover all the ways today's security and threat landscape has changed and how IT managers can respond. Discussions will include endpoint security, mobile security and the latest in malware threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ _______________________________________________ Emc-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/emc-users
