The so called experts really need to have some sort of disclaimer next to their title showing how many predictions that they have made that have actually come true. How many months ago were these same experts telling us how oil was going to be $200 a barrel and higher? I don't know if they are just wild guessers who some how get on TV with their predictions, of if they sit around all day looking at the computer screen trying to figure out what they can say that will get them on TV. Either way, they are usually wrong, and if one of them actually guesses right, he's wrong the next time.
There is not shortage of oil, there never has been a shortage of oil and those who keep saying there is are doing so to create panic and/or to support an alternative agenda that will benifit themselves. Just look at the global warming scare. It's pretty much been debunked, especially with the latest news that they were lying about the tempature readings, only reporting shrinking ice fields but ignoring growing ones and NASA's reports that the global tempature peaked in 1998 and after a few years of holding steady, has been declining. The "experts" who are making money off of this are comeing up with anything they can to make more money, but fewer and fewer people are listening.
Just last week, scientist in England have concluded that we're actually heading for a global cooling period. How cool will it get or how long will it last is the real question. It seems the sun is responsible for the tempature on the planet after all!!!!
There is so much oil out there that most of it is just sitting without any wells on it pumping it. If it was all drilled and used, the price would drop to nothing. As long as those controling it can limit the supply and the media continues telling us how we're running out on the front page, nobody is going to read in the back pages of all the new discoveries.
Eddie