More BS from the “Peak-Oil” crowd.
That’s how I see it too. The information i this wikileaks document is worth every penny we pay for it.
They’re hiding that oil, Texas oil is being hidden they did not peak in 1973 at 3+mbd and drop to less than 1mbd today because of something stoopid like PO (which is a CIA plot). No sir them resevoirs is filling up as we speak and a huge conspiracy is taking place right before our eyes. Now don’t get me going on the Alaskan North Slope oil conspiracy where they supposedly peaked in 1988 at 2mbd and now down to less than 1mbd. (I think whats her name knows about this but is in on it)
I'm sure that one day, they'll be right, and will loudly say so. Meanwhile, I'll not lose too much sleep over it.
As past history indicates - AND as long as the gov't keeps its fingers out - oil prices are entirely self regulating. When they go up, driving goes down, and prices soon follow. Simple Supply and Demand.