Wednesday, July 09, 2008

T. Boone Pickens On Oil

This is coming from an old skool oil man:

"Can't we just produce more oil? World oil production peaked in 2005. Despite growing demand and an unprecedented increase in prices, oil production has fallen over the last three years. Oil is getting more expensive to produce, harder to find and there just isn't enough of it to keep up with demand.

The simple truth is that cheap and easy oil is gone.
"

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