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Originally Posted by lemontree
I have a theory....
Saudi oil is getting over, hence the artificial shortage being created by the slow Iraq production, and proposed sanctions on Iranian oil. With likely hood $100+ per barrel of oil the Saudi royal family and uncle Bush and oil cronies will make a killing and be laughing all the way to the bank.
With oil the kingdom will not last long and that is why one even sees a re-arranged middle-east map with a reduced Saudi Arabia to encompass only Mecca/ Medina. As posted in another thread.
So lets not get emotional and propose bombing the Iranian oil fields, it will only drain our own pockets and increase inflation and make life more expensive for our children.
Just look who is profiting from the reduced production of the Iraqi oil fields. So if the nukes are a problem them bomb the nuke projects not on the oil supply.
but I could be wrong too (about the Saudi oil stocks).
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I oil reaches $100 a barrel expect to see large scale production of hydrogen technology within 5 years. 10 years after that expect to see hydrogen at half the initial mass produced cost. 20 years and we'd be paying to keep oil underground.
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In the realm of spirit, seek clarity; in the material world, seek utility.
Gottfried Wilhelm Leibniz
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