Last year OPEC held back 6 million barrels per day of oil. Its estimated that they currently are holding back 2 million barrels per day. Many countries (Mexico, Venezuela Norway and the UK) can not keep up their current pace of production. Yet there are countries who are presently growing their oil demand. Its obvious that we are being set up for oil shortages in 2011 and 2012. Instead of $100.00 per barrel oil we will be seeing over $200 per barrel oil by the end of 2012.
Obama will get impeached if this happens, see if he isn’t. to be fair, if Bush were mismanaging things this badly, all of us would be calling for him to be removed. Obama won’t last at all if he can’t avoid this from happening.
For once I think I might actually be on OPEC’s side on this.
If I had something to sell and my customer was preparing to pay me in Monopoly Money I know what I’d do.
This is a con by the oil companies; been happening since oild was discovered. heck, spies in the oil business ON the government payroll are many. bastahds; lift the moratorium on the Guld drill in Anwar, and screw iraq, and the saudi’s, take their damned oil too, or hold mecca and Medina hostage, then blow that danged Al Asqa mosque... we’ve done enough for these lying sack of hudna pieces of goat poop.