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Recent comments
- I would not begin to dispute
2 years 24 weeks ago - Oil at an all time high
2 years 25 weeks ago - Green Chemistry and Engineering
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2 years 28 weeks ago - The government will do someting...
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2 years 30 weeks ago - A must see documentary
2 years 34 weeks ago
I would not begin to dispute
I would not begin to dispute that the concept of Peak Oil is a reality but the price escalation per barrel and supply problems and escalating prices at the pump are due to the greed of commodity brokers artifically jacking prices and the oil companies mimimizing supply and increasing their profit margins at the refinery.
An oil company with existing wells pumping oil that costs about $15/barrell doesn't suddenly cost $70 because of some crooked brokers desire to make money.