Based on what the government says we have 84 years left. Meaning if we don’t discover more by 2100, we’re out. Somehow, I doubt that. did you notice Peak Oil came and went. Is anyone talking about that anymore?
We have the ability to wage economic war against Putin and he can’t do anything about it. Sixty-eight percent of Russia’s income comes from oil and gas sales. With the failure to reach an agreement during the recent conference, the Middle East is still in a punishing pump all they can mode.
We might as well help them out in their race to the bottom. Us exporting natural gas means Russia has to sell more oil to make up for their revenue losses. We may be able to escape the leash of our Saudi masters. Did you know they’ve been financing the anti-fracking agenda?
Exporting natural gas is the equivalent of putting a stake through their hearts. Anything that shoves oil and gas prices lower also means the Middle Eastern nations financing terrorism’s will have to tell many of the terrorists to get day jobs. The free lunch is over.
http://www.intellinews.com/comment-this-is-why-oil-prices-won-t-go-up-much-more-95201/
The oil price is high today due to a strike in Kuwait, when it is over later this week the price will go south.