-— Not buying it. -—
What aren’t you buying? I work for a company that provides services to the oil and gas industry, and training of industry workers is way off. Shell just gave up on a lease in Alaska.
Oil prices have always been volatile. There have always been prices spikes and collapses. But if you look over the last 14 years, the prices have stayed at a higher level compared to historical trends. Sure, there are going to be peaks and valleys in exploration and research. But to complain of doom & gloom and make imp;licit threats because prices aren’t always what they want is ridiculous. Even the Saudis realized that it was an untenable position to always try to prop up prices. If U.S. oil producers want to throttle oil supply all the time, they will push more people to adopt other energy sources as much as they can.