$125/barrel and rising.

[Jim in CT]

Originally Posted by Pete F.

What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out.

That’s a gigantic free asset that’s being controlled by people other than the ones that own it, for what purpose?

In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil.
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"What rational person would say that if you are sitting on unused reserves equal to everything currently in use that you are running out."

Who said we're running out?

You accuse oil companies of fear-mongering, yet 95% of what you post is wild hyperbole, fear mongering, and paranoid schizophrenia.

"In addition to that conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"

Fine, end that...can we also end subsidies to Planned Parenthood?