Maybe we’re drinking their milkshake while the oil in our ground gets more valuable.
—Maybe we’re drinking their milkshake while the oil in our ground gets more valuable.—
I started wondering that in the early 80’s. Why else would we so overtly NOT drill what we have?
—Maybe we’re drinking their milkshake while the oil in our ground gets more valuable.—
I just thought of something that strengthens this belief. There have been a lot of proponents of Peak Oil over the last several decades. If the people in charge of granting oil leases really believe that we are on the verge of sing oil reserves plummet, they may choose to hold on to them for when it is really needed.
Except the rumors of Peak Oil have turned out to be greatly exaggerated. We keep finding more. Lots more.
The stone age didn’t end because we ran out of stones.
Neither did the bronze or the iron age.
We will eventually move on to something else. Nor will the world stay with oil as the price climbs to precious metal rates.
So at that point, do we really believe the US will continue to use the previous century’s technology, while the world moves on?
All we are doing by not producing, is enriching our neighbors and enemies while billions leave this country.