Re: Sigh... NOW the gas prices drop.
Your surprised...the world is awash in oil resever's....And is collasping due to high energy cost's. Have some fun google States loss of gasoline taxes...Due to increased fuel effeiceny and cost....Have you noitced how the global warming is again coming to the forefront..low oil pricing...global warming. Soon it it will be Iran and Hormuez
Each and everyday transparency is slow peaking thourgh....Hmm those nasty oil sands and high sulfur content...Looky here..
WTI discount to Brent and premium to Bakken both rising in early 2012 - Today in Energy - U.S. Energy Information Administration (EIA)
Brent vs. WTI
Profit from Peak Oil
And then there is this..
Green River Formation - Wikipedia, the free encyclopedia
The Green River Formation contains the largest oil shale deposits in the world. The 213 billion tons of oil shale contain an estimated 3 trillion US barrels of shale oil, up to half of which is estimated as recoverable or about equal to all the entire world's proven reserves.[11] [12]
Do some math....That formation has a 400 yr supply of oil based on 2007 oil comsumption rates..
I have to quit now or i will get into trouble again we are awash in oil...think not both Iraq and Liyba are off line and at the same time America is doing something quite pecular....
U.S. exported more gasoline than imported last year
For the first time since 1949, the United States exported more gasoline, heating oil and diesel fuel last year than it imported, the Energy Department reported today.