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JIMBOB2's Blog

by JIMBOB2 from HIGH POINT

Last Post 2 days, 2 hours Ago


These embargos and production reductions of oil we've had over the years.........wouldn't it be something if the real reason was because there's not as much oil as we've always been told there was ? I think everybody uses OPEC's figures and estimates.We all know they're very honest people but what if they made a mistake ? .....the OPEC countries know that oil is the only power they have over us.No oil,they don't exist........That would be something if they're rationing the oil because supply is getting low and they're leading us around like the mule after the carrot.........but it makes no difference, 35 years ago we should have become independent from them when we saw the power of an embargo.But we fiddled around,played politics,and tried to be everybody's buddy and benefactor and here we sit waiting on 4 dollar gas.
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gadget410 read my blog view my photos
May 2, 2008 | 9:41 PM

Jimbob, OPEC voted in a session a few years ago that the price that an OPEC member could get for a barrel of oil was based on the reserves they had left in the ground. A miracle took place because the Saudis reserve almost doubled overnight. They are lying and exaggerating to get top dollar for their oil and instead of looking for other energy sources we are buying it like there is no tomorrow and one day in the not too distant future it will be gone and we will be stuck with a very difficult life because we are so deeply entrenched in oil. Check out this link. http://www.youtube.com/watch?v=4IwtAQzrfiw&feature=rela
ted

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JIMBOB2

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Member Since: 12/26/2006