coalmeister wrote:Drilling NOW is precisely when we need to drill so by the time the economy and prices rebound we will be well on our way to more oil for the market. More refineries are a must as well.
Quote from T. Boone Pickens (oil magnate)
" We can't drill our way to energy independence."
Never mentioned independence. We use way to much oil for that.
Then again ole' T Boone just suspended "The Pickins Plan" after investing tens of millions of his own money in a nat gas & wind turbines project, so what does he know!Oil drops 5 percent as forecasters slash demand outlook
NEW YORK (Reuters) – Oil fell 5 percent to $56 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy.
Let me guess; Barry is doing this now.