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RE: buying gasoline

To: <fot@autox.team.net>
Subject: RE: buying gasoline
From: "Randall Young" <ryoung@navcomtech.com>
Date: Fri, 1 Apr 2005 08:45:01 -0800
>  Silly stuff. the much bigger problem looms--we probably hit "peak oil" in
> the next two years, when worldwide demand always exceeds supply.
> It's going to be messy

Yeah, we might even have to start burning American oil instead of exporting
it !

SoCA is floating on oil, the place fairly bristles with wells.  There's a
sizeable area near where I am, where the land was literally sinking from all
the oil they were pumping out (until they starting pumping seawater back in,
to keep the pressure up).  And even with all the idle wells, we produce more
than we use ... but still import middle eastern oil.

Kinda reminds me of the gasoline "shortages" of the late 70s & early 80s,
when the stations were closed and you couldn't buy gas ... but there was a
steady stream of trucks carrying refined gasoline over the border into
Mexico.

Or the early 70s, the first "gas crisis" when the oil companies broke the
price controls by claiming there wasn't enough gas ... there were literally
miles of tanker trucks lined up waiting to unload but they couldn't, because
the tank farms were all full ...

OPEC aren't the only ones 'gaming' crude oil prices.

Randall

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