Quote:
Originally Posted by After Shock Media
Peak oil is and has been real. Pretty much a certainty actually. I believe it was that researcher from Chevron if memory serves me that properly fore casted the assorted stages of oil in our country and how we would hit a peak in the US in the 70's and that hit, and how the world would hit one around 2010 and that seems to be hitting as well. This all done back in the 50's when the US was rocking and actually exporting oil.
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Actually it was Buddy Pickens (very wealthy Oil Investor) that first started talking Peak Oil... Although I first accepted his research as truth, I have since to distrust anyone that has outside interests in the rise or fall of oil prices...
The Saudis keep their oil reserves a country secret and do not release the true oil capacity of their country to anyone (including the US or so they say)...
How can a country that is as small and could easily be crushed by one of the Superpowers (EU, US, China, Russia), tell the preceeding countries that "our" (Saudi) oil reserves are "our" business?
It makes no sense to me that the US doesnt have a clue as to how much oil is \available in the midddle east...
read between the lines, seems simple to me...