Greenspan: Get used To High Oil Prices
 

http://www.breitbart.com/news/2005/1....1f7i16sv.html

Well we knew this shit was going to happen. What pisses me off is there's growing scientific evidence that we can't run out of oil. It's produced by some geological process.

The old 'theory' was oil is the remnant of ancient plants and animals. Yet oil is found so far deep them animals must've been using soil injection. Doesn't make sense.

Well, I predicted possible $100 barrel price so we'll see what happens.

we are fucked and as long as we continue to elect leaders that profit from oil nothing will change

I heard about this a few years ago and it make sense to me but some people I respect as having brains will not believe it. :upsidedow

Everyone who'm I read and trust believes we'll run out of oil within the next 20 years and possibly as fast as 10 depending on how fast Asia advances.

When they say run out...it doesnt mean totally tapped...but it means hard enough to find that it is no longer economically feasible.

There will still be oil, its just going to be in uneconomic forms (like super hard to extract rocks etc)