Originally Posted by
PDay
The public also can't grasp that there is plenty of oil left, as you said theres plenty of heavy, harder to get at oil. Everyone is so doom and gloom about gas being higher than in the 70s, but haven't they noticed that there is no supply problem? No rationing? No long lines at the gas station? Its all about speculation, and as you say, the devaluation of the dollar. I remain optimistic; however, and think that the price will go down eventually.
I doubt it. Those that have the oil are not truly realizing the amount the public will pay for it. The price won't go down unless someone is sitting on a bunch of oil they need to move and nobody is willing to pay the price.