Date:         Sun, 14 Dec 2008 17:44:15 -0800
Reply-To:     Bernie <berniej@GMAIL.COM>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Bernie <berniej@GMAIL.COM>
Subject:      Re: Got GAS?
In-Reply-To:  <022f01c95e49$8eed4df0$6701a8c0@PROSPERITY>
Content-Type: text/plain; charset=ISO-8859-1

Enjoy it while it lasts folks cut it won't last a longtime.Up here in
Canada, and we are the largest supplier of oil to the USA, the major oil
companies are cutting
back exploration and further tar sands projects are being shelved as well.
Mexico ships it's last barrel of oil in 2014 at a time when demand world
wide will
be increasing due to increased demand from China and India.
Oil has taken a dive due to unwinding of hedge funds and of course
less demand due to economic recession.
The lower oil goes here and the more projects and exploration that are cut
back,
the higher oil will go on the other side and that is up.
Very simply when supply is cut back the price has to go higher in the
future.
Nothing has changed in regard to the fundamentals of peak oil.
In five years oil will be 175 dollars a barrel.


Bernie

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