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The New DU. Reply #13: There was actually an oil glut while he was in office...
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Viva_La_Revolution
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Wed Aug-17-05 08:45 AM
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| 13. There was actually an oil glut while he was in office... |
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Edited on Wed Aug-17-05 08:46 AM by Viva_La_Revolution
North Shore and all the other drilling projects we and the Soviet Union had started working on after the OPEC oil embargo of the 70's came online. Hence the $12 a barrel.
I'm reading the Long Emergency now...
Over the last 100 years we have consumed over half of the known fossil fuels in the world. Most of the remainder will be to expensive to get to.
Tighten your seat belts, it's gonna get really bumpy. :(
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