Wall street Fixing Oil Prices Huge Glut Iran adds 500,000 US Largest Oil Reserves

[mitty14u2]

U.S. Has World’s Largest Oil Reserves




The U.S., then, sits atop with its oil reserves. Rystad notes that Texas alone could have 60 billion barrels of oil.

http://oilprice.com/Energy/Energy-General/US-Has-Worlds-Largest-Oil-Reserves.html


Opec countries agree first oil output cut in eight years

Mohammed Bin Saleh Al-Sada, Opec's president, said a cut of 1.2 million barrels a day would start from January.

http://www.bbc.com/news/business-38155185

Oil price woes deepen as Iran vows to add 500,000 barrels a day

https://www.theguardian.com/business/2016/jan/17/oil-price-woes-deepen-as-iran-vows-to-add-500000-barrels-day

The world has more oil in storage then any time in history, price and demand? No Price Fixing by Wall street!

[randr]

1. The Stone Age did not end out of lack of stones

Our dependency on oil and all carbon based fuels will end.
We should be celebrating the coming of a new age with clean renewable energy. This has been a dream of all humanity for decades.
We can not allow those who make obscene profits off the destruction of our planet to stand in the way of our future.

[HoneyBadger]

2. High oil prices are the best solution for climate change

The most important issue of this century for the entire world. Consume less oil due to prices, cool the earth. Reverse climate change.

[Xolodno]

3. The size of reserves is somewhat irrelavent.

Its all about the cost of extraction.