Kerry Announces Plan to Control Gas Costs, page 2
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reply posted on 1-4-2004 @ 12:29 AM by Aeon10101110
Originally posted by Russian

If he will stop pumping oil into reserves and drops the price then the price will stay lower for a SMALL period of time only. Because the world is has hit its oil peak and now the oil producation will soon going to decline and if there is no oil in reserves then there will be no cushion for later double high oil prices.

www.abovetopsecret.com...

For more info on peak oil read the thread link above. I have a post there that explains everything in detail.

Out,
Russian


Another good thread on peak oil is here with lots of commentary, refutations and repudiations. But the ultimate analysis indicates that we are near the peak of production. But demand continues to rise worldwide, so guess what that means for prices?


reply posted on 1-4-2004 @ 01:24 AM by Russian

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