To: E. Pluribus Unum; All
Oil and Gas reserves are mainly a function of price: the higher the price for feed stock, the greater the reserves, DUH!
5 posted on
01/21/2013 7:37:02 PM PST by
Graewoulf
((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
To: Graewoulf
We may not be past the point of "peak oil".
But it's difficult to deny that we are past the point of peak cheap oil.
The days of $1.50 gasoline are gone forever.
31 posted on
01/22/2013 4:49:04 AM PST by
Notary Sojac
(Ut veniant omnes)
To: Graewoulf
“Oil and Gas reserves are mainly a function of price”
Exactly. The price of natural gas is barely above $3 per Mcf. The producers are taking rigs offline to reduce supply and increase prices.
37 posted on
01/22/2013 6:27:09 AM PST by
sergeantdave
(The FBI has declared war on the Marine Corps)
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