energymaters.com

THIS JOURNAL WILL "TELL IT LIKE IT IS" REGARDING DIFFERENT FORMS OF ENERGY AND THEIR GLOBAL IMPLICATIONS/PROBLEMS

« USS FITZGERALD DESTROYER RAMMED BY CONTAINER SHIP ON CLEAR NIGHT

OIL DRILLING AND EXPLOITATION INDUSTRY ALWAYS CRYING – NOWDAYS

July 7, 2017

OIL PRODUCERS ARE ALWAYS CRYING IN THEIR BEERS.  Only 6 years ago, when oil was $110 /BBl, they had no mercy on the consuming public, and we were also paying an invisible tax in defending the Gulf Of Hormuz to ensure the flow of Arabian oil.

IT IS POETIC JUSTICE THAT THE OIL BARONS THAT BEGAN FRACKING have created an oil glut that nothing can overcome. Other initiatives such electrical autos, bycicles, etc. have also had an imact on driving demand/prices down. Most of the so called “OIL PRICE ANALYSTS” in The BBC, and other mass media are always trying to tell us consumers, that oil price will rise again, so buy now. They lie, and they know it!.  Bull Shit! They are spitting against the wind, and they know it! Now is not time to buy petroleum energy, and that time may never come again. Given the greater fuel economy of today’s cars, the time to invest in oil is gone with the wind.

There are many splendid things to do with oil, but the industry is not fully exploiting them. Even then, demand can never reach supply. OPEC, and others keep saying: $50/BBL is better than nothing, and keep producing with glee. IT IS THEIR BUSINESS! WE CONSUMERS HAVE NOTHING TO GAIN FROM THEIR GREED.

2017-2

July 6, 2017 at 6:32 AM
Leave a Reply or trackback