That's It, There's No More Oil ?

Question

In 10 years, we will have exported close to $10 trillion out of the country if we continue on the same basis we're going now. It is the greatest transfer of wealth in the history of mankind," he said.

Pickens downplayed the role that speculative trading and institutional investors -- forces some see behind the high oil prices -- have had in the price trend.

http://moneynews.newsmax.com/streettalk/pickens_peak_oil_call/2008/06/17/105212.html?s=al&promo_code=64B1-1

Answer 1

How does Pickens explain that only Republicans are subject to this law. I remember when American land cruisers only got 12-14 mph, until Toyota/Honda/Datsun decided to walk off with the whole market. Once again the oil companies decided on a semi-embargo, which proved beyond a doubt just how much Americans were willing to pay for econo-cars. Another fine plan by the Texas GOP.