PDA

View Full Version : Why the oil lobby results in poor public policy in the US.



Nitro Express
06-17-2011, 09:59 AM
When you try and find the exact oil reserve figures it's tricky. One group says we have plenty and one group says we are running out because currently the world is using huge amounts of oil a day and even if new discoveries come on line, they won't last long. What's interesting is Saudi Arabia is pumping sea water into their oil fields and have been releasing the same production numbers for years. A clear sign they are lying about their reserves and trying to squeeze the last bit out.