Quote:
Originally Posted by potter
less oil available where? in the united states we're currently importing more oil than we need. we're using less than we have. and the majority of our reserves are full at the moment.
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reserves are only 200 million barrels... thats 10 days worth of usage...
plus, china and india usage rising...
i do agree, there doesnt seem to be a lot of rhyme or reason as to the continued increase in oil price. however, i hold a lot of value in what Boone Pickens says and if he says its mostly due to lower overall worldwide supplies, i believe him..