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Old 02-12-2012, 04:21 PM   #413
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Originally Posted by Odysseus View Post

Is anybody buying oil as a commodity right now? If we've reached peak oil why is Oil as a commodity not a buy?
I don't believe the theory of peak oil.

Oil is not a fossil fuel -- it is being continually created deep within the earth. Supply is much greater than we have been led to believe. No danger of running out anytime soon.

That said- -the easy to get oil will run out. They say that in Iraq all you have to do is stick a straw in the ground.

BP was going after really deep oil in the Gulf when they blew the hole.
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