• Unsu...

  

   

  Re: Why oil costs over $120 per barrel

  Fri, May 30, 2008 - 1:43 PM

  I disagree with these conclusions, but do agree with these as being major factors:
  
  "Speculation
  Political unrest in producing countries
  The depreciation of the $US
  Prime exploration acreage that is off limits to OECD corporations"
  
  The peak oil *crisis* is about as valid as the *global warming crisis*, which is to say, not at all (we have been in a cooling phase for a decade now)

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• Tedster

  

  125

  Re: Why oil costs over $120 per barrel

  Fri, May 30, 2008 - 3:50 PM

  Thanks for that article, Rene.

  join to post

Topic	Author	Replies	Last Post
Exposed: the myth of ‘global cooling’	Tedster	4	November 3, 2009
Wind Power a Bust	Dan	4	November 3, 2009
Peak Oil doesn't exist	Dan	4	October 25, 2009
Remember the nasty fight over oil speculators?	B	6	February 2, 2009