Hi!

ANWAR has ONE YEAR's worth of US oil consumption, if we take all of it.

The Canadian Tar Sands would use ALL of the natural gas in North America to convert them to oil, with current production methods.

Another item on high production costs/difficulties of oil production: LABOR!
-The engineers that find the oil are retiring, and they can't find enough new ones.
-The workers that build the oil rigs are retiring, and they can't find enough new ones.
-The workers that operate/maintain the oil rigs are retiring, and they can't find enough new ones.
-The workers that operate/maintain the oil refineries are retiring, and they can't find enough new ones.

China, and India.

All of the above, combined with the peaking of oil in various countries, INCLUDING Saudi Arabia, means that deman, RIGHT NOW, TODAY, is outpacing supply.

Hang on, it's going to be a bumpy, wild ride!

cliff
YIP