Quote:
Originally Posted by BBKing
Not quite, my mate works in exploration, so he has a fair idea what's being discovered where (frequent trips to Tanzania, for instance). He's laughing though, he's in a job for life, they'll still be discovering stuff in 50 years. He's had about five pay rises lately, too.
What they won't be discovering is the good stuff that's easy to dig up, but that doesn't worry him.
What'll probably happen is that Darling and co. will cave in, there'll be another big hole in the public finances and then the price of petrol will drop 10 or 15p and we'll all wonder what the fuss was about. Meanwhile, somebody somewhere will be sending off for yacht catalogues.
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Your bang on the button there mate, BP's reserves are 13 trillion barrels of oil untouched waiting to be bought to the surface that's without the other oil companies and their reserves, 13 trillion barrels is enough for 50 years of use, add all the other oil companies reserves up and you've got alot of oil for many years to come. There's no reason for it to be this high in price.