Thread: Gas rumor?
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Old 08-31-2005, 03:10 PM
crash9 crash9 is offline
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Join Date: Nov 2003
Location: Tiki Island Texas
Posts: 1,049
I've said this so often over the last couple of years that I feel like a broken record - the market's selling off pretty good into the close by the way, only up about a dime in spots with crude down about $1.25 - but in terms of BTU's per capita (that's total not just oil) "If by 2012 the US reduces consumption by 50% and the developing world comes up to that same level then production will have to double" Dick Cheny speaking in 2002 - Except for the rest coming up to 50% of our level nothing in that statement seems likely. The price of energy is going to go off the chart and we're just now beginning to realize he knew what he was talking about!!!
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