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There is no shortage. This is Peak Oil. Production and consumption have never been higher, which is the salient charactistic of a peak. There is scarcity, which is a technical term meaning the price of the commodity is higher.

Production and consumption have never been higher, which is the salient charactistic of a peak

It is also a characteristic of continued growth.

Peak oil?

Poppycock!

Now you sound like one of the greenie-weenie whackos.

There is no shortage of oil . In the U.S., in Montana there is a practically untouched massive oil reserve of 200-500 billion barrels. That is more oil than Saudi Arabia has , could make the U.S. energy independent, will give the U.S. the oil we need for decades, and bring down energy prices and all prices precipitously.

Of course liberals/Socialists will stop U.S. private companies from getting this badly needed oil into the tanks of the people. And liberals and the media say that we can't touch that oil because “we” are destroying the planet with Global warming. Global warming is a hoax just like “pollution” and disturbing natural habitats.

Below I show 2 articles that prove global warming is a hoax as we are now in a global cooling period and that we have massive reserves of oil in the U.S. . These articles have to be circulated to counter the massive misinformation from the liberal mainstream media.

Massive Oil Deposit Could Increase US reserves by 10x
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed.

http://www.freerepublic.com/focus/f-news/1993180/posts

http://www.freerepublic.com/focus/f-news/1977496/posts

Global COOLING Currently Under Way

Excerpt: All four major global temperature tracking outlets (Hadley, NASA’s GISS, UAH, RSS) have released updated data. All show that over the past year, global temperatures have dropped precipitously. A compiled list of all the sources can be seen here. The total amount of cooling ranges from 0.65C up to 0.75C — a value large enough to erase nearly all the global warming recorded over the past 100 years.”

My additional comment on this last article, is that at this rate of cooling the Earth will be in an Ice Age in 10 years, if this rapid cooling continues ( and based on my research on Sun data there will be more cooling). The liberal media would be going nuts if the Earth had warmed this much, almost a whole degree Celsius in year because they say only 8 degrees more or so and the planet would be destroyed.
. This is just one more piece of evidence that shows that the socialists( the government-media-complex and liberals) are destroying the U.S. economy so that they can destroy capitalism and turn the U.S. into a socialist state.

There’s no scarcity. The price is as cheap as it’s ever been when measured against any other commodity.

There’s more of that green paper crap out there chasing it, and people selling it have wised up to the fact that we’re going to keep increasing it’s quantity...