Post by
tkd_q45 »
https://forums.nicoclub.com/tkd-q45-u546.html
Sat Apr 22, 2006 3:16 am
This is reminding me of the 70s all over again! Though I wasn't old enough to drive, I remember people pushing there cars off the Palos Verdes cliffs to collect on insurance.
Given the current situation, it smelling much the same. I don't doubt we are headed for using up all our oil in the not to distant future but by simple supply and demand would dictate that if oil was indeed scarce the proffit margin would not be so great as it currently is.
The oil business is like the tech/NASDAQ for the current times. I wish that like my dad, I had invested in oil!!!