by americandream » Mon 07 Mar 2011, 18:10:41
$this->bbcode_second_pass_quote('seahorse3', 'W')hatever happened to the days when SA said $30bl was a good price?
If they can bring prices down, why don't they? Because, as a layman, I believe it when I see it, meaning, gas goes back down to the good old days of 1999 when it was $1 a gallon, the world economy was growing, the dollar was strong, we ran balanced budgets, and would have paid of our national debts by last year (2010). I scratch my head and ask, what the hell just happened? Its hard for me to be optimistic about the oil situation because we just can't seem to live without it, and, despite all the "optimism" about how much is under the ground, the price of up goes up. So, until they produce it in mass, the price of oil won't go down. Until they produce in mass, then, I just don't see us returning the the glory days. It's hard for me to take all this optimism seriously when SA produced more in 1980 than it does today, when oil has gone up steadily from 2000 despite all the untapped reserves. Seeing is believing.
You aren't going to get anything remotely sensible out of the House of Saud. Those guys are so far off the radar of reason and logic, fabrication comes easy, with a smile on it.
Whats amazing is that a whole army of bookish Western experts believe these fellows!!