View Single Post
Old 02-12-2012, 03:21 PM   #413
Ring of Famer

Join Date: Apr 2006
Posts: 17,154

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.
mhgaffney is offline   Reply With Quote