I just read a petrochemical survey about how the North Sea has run dry, how Saudi Arabia's larges reservours are about 5 years from total draw-down, and even Mexico's largest reserves will be dry in 3 years.
All of this means that oil will be somewhere between $400 and $600 per barrel, with gasoline costing about $15 to $20 per gallon.
WOW !!!
If it costs you $120 to fill up your fuel tank now, how's it going to feel when a fill-up costs $800 every time ?
Tags: