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IPFS News Link • Energy

Geopolitics of Peak Oil

• Michael Shedlock / Mish
Today we found out that the U.S. Strategic Petroleum Resource (SPR) rose to a record 700.9 million barrels, and is increasing at a rate of 62,000 barrels a day. Why would the U.S. be increasing reserves with oil over $100?

1 Comments in Response to

Comment by Ernest Hancock
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It's not just because the friends of government get to make a lot of money,... it's because they get to make a shit load of money (Spaceballs movie quote :)

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