$2 gal fuel? TOLD YOU SO
Not to toot my own horn too loud. Just over two years ago I posted that $2 gal fuel could be coming. I linked to an oil industry trade journal showing potential huge price drops in fuel related to th...
Forum Discussion
A month or so ago the NY Times ran an article comparing the oil industry to bourbon whisky. Both are long term stradgedies , what they do today affects supply 7 to 10 years future. The bourbon market value today is determined by supply ,which was determined by production amount years ago. Just as oil prices today are determined by supply vs demand. The supply side is determined by industry investment is exploration ,infrustructor , technology years ago. In the news last week, majr oil companies are cutting by 25% their investment in r&d and exploration. A short term reaction to a long term game. The Saudis win, any short term losses will be offset in the not to distant future by present day sacrifice . None of what the Saudis are doing is by accident , they plan well for their future. Would be nice if we had the same abilities and resolve.
