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Bill Miller on Commodities and Peak Oil

Additionally , the people who buy oil are not going to admit that there is a shortage for obvious reasons and of course I've stated why the oil sellers won't admit there inability to produce more oil .This is why no body is being very agressive in telling the truth about their trading of oil , leaving those less informed to speculate as to what the true story is .
Nov 24 17:15 pm |Rating: 0 0 |Link to Comment |View article
Bill Miller on Commodities and Peak Oil

This guy is out to lunch . I heard from one of the companies that run the Alaskan pipe line on CNBC last week .He stated at the begnning around the late 60's early 70's that pipe line production was around 200,000 barrells a day. Now its 80,000 barrells day a quickly becoming less profitale to run . Also OPEC continues to say they can increase output but do not . Why do you think that is, they can't . If they could they would because they don't want the price of oil to raise either because then america and other countries will develope alternate methods of energy ,which they also do not want for obvious reasons. There is no question we're long past peak oil and in the not to distant future we will have an oil shock . GOOD LUCK.
Nov 24 17:05 pm |Rating: 0 0 |Link to Comment |View article

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Bill Miller on Commodities and Peak Oil

Bill Miller on Commodities and Peak Oil

surgcare's Comments Stream Stats

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