why would the saudis sell us more oil at $130/bbl, if they can sell it to us later for twice that?

[dysfunctional press]

the longer they keep it in the ground, the more valuable it gets.

provided we don't do something sneaky and underhanded like developing alternatives or something.

[Fresh_Start]

1. I always felt the same way about ANWR

stupid to use our resources while there were cheap resources other places in the globe

[Apollo11]

2. Dude - keep quiet - the oil companies also have internet!

We don't want to be givin them money-grabbin bastuds any smart ideas!

[raccoon]

3. Maybe if somebody would go see the Saudis, and hold their hands, it would help, do you think? nt

[Arctic Dave]

4. When my parents asked why oil was getting so expensive

this one of the reasons I gave them. Why pump 200,000 barrels a day, when you can pump 100,000 barrels a day for the same profit, less wear and tear on your equipment and their field will last twice as long. Oil companies do not care what your personal problems are, they are only interested in their bottom line. Sad but true.

[Extend a Hand]

5. Here's Robert Hirsch

who wrote a report analysing oil production and supplies for the department of energy (funded by taxpayers -- not oil companies) on CNBC explaining the high oil prices. Link contains cnbc interview and a link to the "Hirsh Report" pdf.

http://www.theoildrum.com/node/4019


Peak oil.