GOLD 0.51% $1,391.7 gold futures

re: get ready for 100 oil.. mirish there hasnt been a major oil...

  1. 264 Posts.
    re: get ready for 100 oil.. mirish there hasnt been a major oil field discovery for 30 years

    supplies very tight; technology isnt there to extract non-conventionals

    when the coastal people of china decide they want the same % automobiles as Korea; and they number 165million people; we need 2 more saudi arabias pumping flat out!

    "In 1900, the US started to industrialize. We were using
    one barrel of oil per person per year. By 1970, we were
    using 27 barrels per person. In 1950, Japan started to
    industrialize. They were using 1 barrel per person. By
    1970, they were using 17. In 1965, South Korea started to
    industrialize. They were using one barrel per person per
    year. By 2000 they were using 17. Today, China uses 1.3
    barrel per person per year and India uses 0.7."
    Clyde C. Harrison

    http://www.brookshirerawmaterials.com/
 
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