15 dollar a gallon oil then rationing

http://www.clusterstock.com/2008/5/peak_oil_man_hirsch_scares_bejesus_out_of_cnbc_viewers_gas_to_15_gallon

thats the point most folk miss

most folk have the old mindset of never ending oil supplies

some folk are trying to convince themselves its those damn speculators there is plenty of oil

some folk in congress want to sue the Saudi's for holding back supply

Bush even suggested to the Arabs that they had to think fo the future and stop relying on their oil incomes. (isn't Bush such a wise man old owl)

then you get company like ELK 18.6M Barrels on US soil for $33m market cap

all they need is the Co2 and the pipeline runs through the front door


ELK is the best value oil play on the ASX