This maybe the case but then again who knows what is the truth here.
You know, within the last week most oil companies have been posting severely reduced profits on against last year.
click here
Next thing you know an IEA whistle blower pops up, shouts that we are well into peek oil and hey presto, the price of oil rises and just wait till the
world comes out of recession properly.
I have a friend who works for a massive US energy giant here in the UK, They have the technology to extract more oil from new wells and they even can
go back to the old wells and extract more oil which before was not possible.
They also have all the green technology they need and are just waiting on world govt's to say right chaps time to go green.


