Quote:
Originally Posted by Maddog78
This for the guys who think the US is holding back its production so they can export at some undetermined point in the future.
http://www.eia.doe.gov/oil_gas/natur...serves/cr.html
This a US Dep't of Energy site, not some crackpot site.
Now show how clever you are and divide these reserves by the 21 million bbls/day the US currently uses, only 6 million bpd of which they currently produce themselves.
Do you see the problem with this crack pot theory that one of you "heard in high school 20 years ago" ?
The U.S. is in serious oil production trouble in about 6 years.
They already import 15 million bpd.
What will that number be in 2 years? 4 years? 6 years?
Enjoy your cheap gas now. It won't last. |
Thats a nice graph and informative,but, since when has the gov't been truthful? Even if they were, it doesn't justify price swings overnight. Or maybe the numbers in the graph keep moving around and changing on their own?
I respect the fact you know your oil inside and out, its just tough to comprehend the price swing evryday. Us uneducated in your expertice just can't comprhend the massive day to day gas hikes especially come long weekends? I think thats the argument being made. We hear about shortages and then we hear about the billions in profit. You have to understand the confussion and anger. This has nothing to do with muscle cars because even people questioned on the news are shown beside their 4 cyl. just as upset.