Comment 60391

By Mr. Meister (anonymous) | Posted February 28, 2011 at 14:09:48

Another peak oil piece. How many have you written now? I find it amazing how smart you are and how stupid everyone in the main stream media is.

And then the other day (maybe Friday) Saudi Arabia announced that they were increasing production. That did seem to halt the run up in prices and lead to lower prices.

What infuriates a lot of us drivers is how the gas prices will jump at the slightest increase of crude prices and yet it takes a lot longer to come down when the crude prices drop. It seems when the prices are going up the gas prices rise immediately to compensate for the higher prices to replace the stock. When prices are going down the price cannot drop until the high priced stock in the supply chain is used up.

I am sure that there is a finite amount of oil and we will indeed run out one day. We here in North America are probably better equipped to deal with a rise in gas prices than many other parts of the world.

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