Oil Prices WorldWide

[Jonathan]

:rofl: There\'s more then a few people posting in this thread that seem to have lost their brain somewhere along the road...

Now, for some acutal informative facts.
Almost all of the world\'s oil reserves are already over their peek in terms of their maximum amount that can be exhausted from them daily. (with the exception of the protected of course)

It is extremely unlikely that new sources of oil can be found. The current technology to discover oil reservers, (seismic process where they find \"holes\" through vibration) is more then accurate enough to conclude there aren\'t any big oil reserves left.

The only untapped \"reserves\" left are small to tiny. Most of these are way too costly to drill and tap. (For example in Texas they already have to start resorting to these small to tiny ranging reserves. Needless to say, they don\'t make much profits from these anymore).

A number of experts and even oil business owners have already said that givng the current and the expected rate of oil product consuming in the near future, it\'s very realistic we run out of oil in approximately 50 to 75 years from now and oil prices will do nothing but rise from now on.