To: E. Pluribus Unum; All
Oil and Gas reserves are mainly a function of price: the higher the price for feed stock, the greater the reserves, DUH!
posted on 01/21/2013 7:37:02 PM PST
((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
We may not be past the point of "peak oil".
But it's difficult to deny that we are past the point of peak cheap oil.
The days of $1.50 gasoline are gone forever.
posted on 01/22/2013 4:49:04 AM PST
by Notary Sojac
(Ut veniant omnes)
“Oil and Gas reserves are mainly a function of price”
Exactly. The price of natural gas is barely above $3 per Mcf. The producers are taking rigs offline to reduce supply and increase prices.
posted on 01/22/2013 6:27:09 AM PST
(The FBI has declared war on the Marine Corps)
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