LOL, Jack Pumpkinhead.
Let's make this easy for you. Let's nationalize the entire industry, from the mineral rights to the end of the pump, and let's give it away for free.
Such a deal. For the 40% of us who get our oil needs met that day. The other 60% will have to rely on SA, Kuwait, Iraq, Iran, Russia, Venezuela, Mexico, and Canada to meet our needs. I don't think they will just refine and give it to us for free. I don't think they will sell it at 40 bucks when China will pay 50. I do think they may realize they have us over a barrel, cuz 60% of us didn't get our fix that day, and sell it at above market prices.
BTW, supply is well known. Lots of figures every day, from barrels pumped to gas refined to reserve size to depletion rates of the top 20 fields. Just look for them. |
