A win-win for oil companies
4/10/2009 07:15:00 AM | Author: baloghblog
1) Stop investing in exploration and development now to save money when the price of oil is low.
2) Create increased shortages in oil production 3-5 years out.
3) Reap record profits as oil prices skyrocket.

Hmmm... this peak oil thing doesn't sound too bad for oil companies. (At least initially.)
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On 10:25 AM , Kory said...

when does it stop being conspiracy theory and start becoming conspiracy fact? when enough people wake up?