On Jun 7, 10:35 am, Paul kgyy wrote:
In response to the original post, the oil companies are doing what
they are supposed to do; maximize value to their shareholders, which
you could become if you care to.

In the long run, though, it's worth considering that worldwide oil
production will probably peak and trend down in the next 5 years,
while demand from China and other emerging economies continues to
rise. There's only one outcome from that unless we learn to use
what's there more efficiently.

Ethanol is a bum's rush because it requires a lot of energy to
produce, and so its cost of production can only go up. Same for tar
sands.

I guess it's time to really get to work on that fission reactor for my
PA28. But if everybody did that, the supply of yellowcake would
probably run out too.

We have an entire world economy built around the assumption of
unlimited supply of cheap energy.

Whatever became of those guys who swore they had observe a fusion
reaction in a laboratory bottle about 20 years ago?

Will it really peak in 5 years? I think not. Google Thomas Gold and
non-biogenic oil and you will find that the party line may not be
true.