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Oil prices are a'comin' down!
In today's ajc.com, the Saudi's are fearing that high oil prices could diminish the appetite for oil, and be bad for their country in the long run, so starting in June, they're going to start pumping an additional 200,000 barrels per day.
Still, let's not party too early. By July, production should be at 9.7 million barrels a day. A DAY! At 10 million barrels a day, we know the stuff is not going to last forever. I still say let's go to electric cars or something else while we can. Had we done that during the 70's, we wouldn't have had the same problem we're facing now. Let's not squander our chance this time.
jeff
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