Their is no oil crises get over it... stop panicing?

Question

Oil has just been discoverd in southern brasil that will last the world 60 years... all you guys feeding bp and esso are lining their pockets in this panic, the resession is caused by the styfling oil prices.. its only a bl**dy car, get another that runs on lpg... if we stop buying the oil barrels will pile up and they will have to reduce the prices

http://abcnews.go.com/Business/wireStory?id=3840469

Answer 1

"Getting another car that runs on lpg" is not really an option for the great majority of us.

I think it's all driven by the media.

And I've lived in Brazil.

With a government like that, I'm sure some pockets are going to get lined down there just like the ones before.

Answer 2

thats good to know!

THANKYOU!

SO what about the oil CRISIS?

Answer 3

It takes time to drill new Oil wells and get  the stuff to market .. and Brazil may decide to ship it to China instead ..

There's plenty of known Oil (Alaska) or suspected Oil (Antartic) that USA has decided (for political reasons) not to develop ..

So, 'we' pay the going rate .. and will continue to do so for some time yet

(until supply exceeds demand by over 10%, prices are going to stay high ..)

Anyway, it's not CARS that you have to worry about - that will be taken care of by the market ... it's electricity generation .. the market has been distorted by political interference caused by public demand influenced by a few 'left wing' special interest groups who (I would suggest) want to bring down western civilization .. ...

Unless new Nuclear power plants start getting built today, in a few years time, the lights will start going out ..

(I believe this has already started in some states - where politicians enforced uneconomic power pricing thus resulting in individual power companies refusing to build additional capacity - expect to see a LOT MORE of the same ..)

Answer 4

I agree, its just like diamonds. Control the majority supply, control the price, supply and demand takes a back seat to corporate price manipulation.

Answer 5

60 years, that is a generation.............so what about our kids? They will run out of fuel...........that is a crisis?

More to the point what about the SPELLING CRISIS?

Just because some right-wing abc news report says one thing, doesn't mean it is right and we must worship it for the next 60 years untill we run out of oil and suffer