Reply #83: Venezuela is a member of OPEC...

[Solon]

also, the rate of growth in China and India is going to lead to scarcity, soon I would think. But the point is that the Oil companies have an ideal price to keep oil at that would allow them to remain profitable and at the same time, hopefully sustainable as well. That price is around 25 dollars a barrel, I think we passed that point, don't you? Also, restrictions on Nuclear Power plants have little to nothing to do with Oil Companies, that would be Coal Companies there, Oil isn't used for Electrical Generation, mostly for transportation use, in which there is no real substitute.