I don't think there is any shortage of oil, nor has there been. Most of the reason for the price jump is from politicians making it more and more dificult to get the oil and refine it. When the President changed some of those restrictions, the world oil price colapsed. One single thing like that has had a huge effect, just imagine what the price of oil could be if the rest of Congress did what was right and stoped sucking up to their special interest groups?
I'm one of those people that do not believe we have a limited supply of oil. In my 42 years on this planet, I've been hearing about the end of oil and how we need to find another source of fuel. I've fallen for this and even worried about what will happen in the future when we run out of oil. But over the years, I've noticed that new oil discoveries are occuring all the time.
The theory that oil came from dinasours doesn't add up either. If this is true, how many dinasours had to die to create all that oil? I can't do the math, but even over millions of years, that's allot of dead animals that somehow turn to oil and work it's way down thousands and thousands of feet into the core of the planet.
Now it's come out that some of the oil reserves have started to replenish themselves. Where the level was down to a certain point from years and years of pumping it out, has now risin.
Then it's been discovered that certain types of beatles actually create crude oil in their poop.
I think there is allot of oil out there and we're being lied to about it in order to create an overall concern about it so that governments can create more money and control over it. It's kind of a conspiracy theory thing on my part, but nothing else makes any sense to me.
Eddie
