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To: chuckwalla
Like I said, you don't know what you are talking about.

There is enough oil for another two hundred years of current usage. However by that time we will no longer be using gasoline engines.

Got any facts to back this up? I doubt it, as even the experts don't really know what the viable reserves are.

What you don't know, or are ignoring, is that oil companies can't make any money on oil if the prices are at $20 or there about. So they cut back on exploration of new fields, they cut back on just about all aspects of production. Then the supply starts to get thin, and what happens? Demand starts to out do supply. Then you get escalating prices and when the price gets high enough, exploration and production begins again. That is what is happening right now as we speak in the oil service industry.

You really didn't answer the questions though. I'm not suprised. It is much easier to whine about conspiracies to take the little mans money than it is to look at the facts.

Try to answer this question please. How much tax do you pay on a gallon of regular unleaded? Both Federal and State tax please.

83 posted on 04/03/2004 7:05:27 AM PST by Double Tap
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To: Double Tap
Your cynicism is getting in the way of your perception.
You didn't answer my questions either?
But I did answer your question you just chose not to see it.

Then the supply starts to get thin.

How does that happen?

It's much easier to whine about conspiracies than to look at the facts.

My my you are sarcastic aren't you.
Is your opinion the only valid one?
Did I say it was only oil co. greed? No I didn't did I.
The countries with the oil stick it to us as well.
If we had a gov that raised tariffs on all goods to those countries the same amount they raise oil they probably wouldn't raise oil so easily.

Check oil co profits and see if they are just getting by.

Tax here is 44 cents a gallon but that is the same when gas was $1.00 a gallon a while ago so what does that prove?
86 posted on 04/03/2004 7:19:46 AM PST by chuckwalla (o the lunacy, the insanity these days)
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