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In reply to the discussion: This pic really explains what happens to oil once it's drilled: [View all]abumbyanyothername
(2,711 posts)25. Well the flip side of broadening demand
is a drastically slowing world economy.
Also, there is a lot of fat that can be trimmed here and when the prices go North of $10/gal at the pump the trimming will start in earnest.
We are not really living all that much better than we were in the 60s despite tremendous technological advances. We do waste more, much more, however. And as charts show, nearly all of that has gone to the top 1% of society. So if you are the 1%, then yeah . . . really tough times are coming. If you are not, then your life may be re-ordered a bit, but your quality of life may actually go up.
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This pic really explains what happens to oil once it's drilled: [View all]
CaliforniaPeggy
Oct 2012
OP
Exxon Mobil and the rest have billions to burn, but they can't put a refinery in Canada, OR just
2on2u
Oct 2012
#31
Thanks, Peggy for posting this! The Petroleum Mafia pimps their drilling efforts every chance....
Raster
Oct 2012
#5
The other way is with their paid shills pushing war. Always the same crowd. Coincidence? No...
freshwest
Oct 2012
#11
Gas prices going up regardless of who is elected for the next century
abumbyanyothername
Oct 2012
#10
A lot of macro-economic people are thinking this is why they are hoarding wealth now.
Spitfire of ATJ
Oct 2012
#29
Oh sure. Decreased price would speed up consumption and increase pollution.
Spitfire of ATJ
Oct 2012
#30
I have friends who thought that gas prices should have gone down after we invaded Iraq.
reusrename
Oct 2012
#38