I have no doubt the MSM would declare it awesome great news should O devalue the dollar. Throwing tens of millions into poverty.
idiots.
He predictions on terminal decline are 180deg out from everything I have been reading in the last few years.
Drill here! Drill now!
All the while, America’s oil is not accessable to the American people. It’s like having a car and they pass a law that you says you can’t drive it.
Increased demand? Pffft! Thanks to a dollar worth ####!. Courtesy of your loving, Marxist government.
Oh yes that would be great news if it were true. We could magically make everything from free electricity. It comes from the wind and the sun and all
Perhaps it is spot on but I’ll take anything said by a group whose name starts with “International” with an iceberg-sized grain of salt, thankyouverymuch.
Another entirely unrelated point is that there is lots of natural gas. Natural gas can be used for feed stock for many petroleum products. In addition, CH4 can be used for heating and transportation, When ruled by an “educated class” which has no technical background many problems seem to be insurmountable.
May God have mercy on us and our descendent's!
Seems like the more oil runs out, the more they find. Between the recent finds in Louisiana and North Dakota, there ought to be enough oil to get the US through this century and beyond. Add to that shale oil and Canada’s tar sands, and we have a few more centuries of clear sailing. With the right people in Washington, we might find ANWR has a hundred times what has been estimated. All that is needed now to keep oil production up and prices down, is less intrusive government and an end to lying, liberal science.
This is marketing hype for someone's stock picks. If oil prospectors were free to explore all promising sites in the US, and develop shale technology, (and more oil is being discovered all over the world including the Middle East), the world could reach and exceed the needed production levels for quite a few decades into the future.
(And there is that crazy idea going around that the earth is actually producing more crude oil on an ongoing basis, that the supply is not fixed, but being replenished.) Needs more study.
There is zero empirical evidence for the claim that we are running out of oil.
The prediction has been made for at least 50 years and it never happens.
Oil companies and environmentalists are colluding to create the fiction that oil is scarce.
The artificial scarcity in the US created by banning fossil fuel production increases pollution globally.
The Dems better hope gas doesn’t reach $4.00 this summer. “It’s the People’s seat”, and “Drill Here, Drill Now” will become very well know slogans on TV and radio.
Expensive oil is NEVER good for the USA economy.
America’s most prosperous years since WW2 have been 1950-1970 and 1985-2000, when the inflation adjusted price of oil was in the $15-$25 range.
America’s most severe recessions since WW2 have been 1974, 1981, and 2009, which correspond to oil prices in the $50-$100 range.
The world has been burning more oil than it finds every since 1981
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