Sunday, November 15, 2009

Oil market data is wrong

Large Vessel  Docked photo

Folks, there is a lot less oil than we have been led to believe and we could quickly have a shortage of energy. Most oil wells in Saudi Arabia are over 50 years old and there has is a drop in pressure. Oil market data in US is wrong. In fact, we could face the peak oil situation much sooner. The day is not far away when oil tankers will fail to deliver their precious cargo.

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