dmcowen674
No Lifer
Originally posted by: Googer
Demand for petroleum is and will continue to be on the increase, that is the reason why prices are as high as they are. Supply cannot keep up with demand for a few reasons:
Demand will out strip supply for the forseeable future.
- Refineries are near peak capacity.
- Refieries are also very old in the USA
- OPEC is intentionaly not pumping as much crude as they should
- China is now a major consumer of oil.
Not a very good liar are you.
Oil Inventories are at 7 year highs.
Oil Production has been in oversupply for past 2 years.
Gas Inventories are ahead of last year.
Try again, it has NOTHING to do with the BS Supply & Demand crap.
Oh and let China have all the Oil and Gas, we don't need it anyway since we don't make anything here.