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RE: Peak Oil – The Myth Of Scarcity
Scarcity is real. If not, why would someone put such an enormous effort in the tar sands to extract that awful oil? there is no reason for hidraulic fracking then? are the Texas fields still full or they ran out of "cheap and easy" oil decades ago?
do you have proof for this? its interesting how all of a sudden prices are able to fall by half or more, did consumption suddenly drop off a cliff? the point is they are surely lying about the amount out there and you can be sure it is much much much higher than they claim.
the examples you give are the dregs they will let independents have access to these. the major fields the monoplies control.
I don´t need proofs, i´m asking questions based on things that are public knowledge, before fracking the US had a big oil deficit.
The Sauds are selling their oil outside the OPEC cartel cuts and regulations since they are the proxy of the US interests in the middle east. They flooded the market following a political agenda, they don´t care about making profit on oil prices, they are all into wrecking Iran, Venezuela and Rusia economically.
The market isn´t the only thing to watch, the real economy is about commodities and manufacture, real work, not about printing money and making finance magic with fraudulent products like the ones that are holding down oil, gold and silver prices.
ok, so you're just talking out your ass with no legitimate rebuttal to what I have proposed. Not even addressing the logic behind it yet alone understanding anything of the history of the oil industry. got it thanks.