Posted on 12/05/2005 4:28:23 PM PST by Born Conservative
I see it as both.
Could it be that Saddam's oil is beginning to flow freely and these that made secret deals with Saddam for 'cheap' oil are forced to compete with the "free" flow of oil???
In high school I earned $1.15 hr at the A&W, while paying 25-30¢ for a gallon of gas. So, my before tax pay would buy 3-4 gallons of gas. 'course I paid 35¢ for a pack of smokes.
He might have added that this was before the U.S. interstate highway system was built and sport utility vehicles became the vehicle of choice
Geez, these dim bulbs are obsessed with SUVs. It's an obsession that borders upon pathological, and disables them from any rational discourse on the subject.
I was in the petroleum business for years and have some economic background. Reading the "experts" on threads such as this gives me a headache.
Can you say pyramid scheme? Can you say snake oil?
Antoninus: The message of the parable of the boy who cried "wolf" is not that there are no wolves.
Unless you believe in an infinite supply of oil [on a finite Earth] there is a limit. Whether it is this year or in fifty years [ergo not a short term constraint] is something that I do not believe is generally known. If Saudi Arabia has the goods, or if there is another Saudi Arabia out there just waiting to be discovered you may very well be correct.
On the other hand if Saudi Arabia is not as advertised we may already be the peak. I have an opinion, but will freely admit that I do not know. Do you know and if so how?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.