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Originally Posted by rebel23
that is very funny. there is plenty of oil, the trouble is the United States cannot refine it. the Saudis even offered to build refineries in the US but the EPA says no. the EPA has said no to new refineries for a long time and this is why the gas price is high.
the world is not going to run out of oil. they have been saying this crap since the 1960's.
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Then why is sweet crude production falling?
Why are oil companies spending more on exploration than what they actually find?
Why are all major oil companies seeing their days as numbered and talking about a world beyond oil?