Alliedassault - View Single Post - CNN Presents: We Were Warned: Tomorrow's Oil Crisis

c312 · 03-18-2006, 08:46 PM

That's what I think, here's my reasoning. The oil companies have a huge financial incentive to know the truth about how much oil is left, therefore, they would be willing to spend money to figure that out, in order to determine how long they should continue to produce oil in order to sustain profits. With all their money and their financial dependency, I think the oil companies are probably the most informed on the real oil situation because they have a lot riding on it and a lot of money to determine the real situation.

So, saying that, I don't think we're are running out of oil at the rate that some people have been desrcribing, the oil companies probably know the most about the situation and if they aren't weening off of oil, then I don't think the situation is as bad as people are saying.

	(#13)
c312 is Offline Command Sergeant Major Posts: 2,769 Join Date: Jul 2005 Location: Virginia	03-18-2006, 08:46 PM That's what I think, here's my reasoning. The oil companies have a huge financial incentive to know the truth about how much oil is left, therefore, they would be willing to spend money to figure that out, in order to determine how long they should continue to produce oil in order to sustain profits. With all their money and their financial dependency, I think the oil companies are probably the most informed on the real oil situation because they have a lot riding on it and a lot of money to determine the real situation. So, saying that, I don't think we're are running out of oil at the rate that some people have been desrcribing, the oil companies probably know the most about the situation and if they aren't weening off of oil, then I don't think the situation is as bad as people are saying.