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The Clubhouse Bar
Pending Oil Crisis
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<blockquote data-quote="sanzar" data-source="post: 197251"><p>Well it's a two way street that... Sure they don't mind speculation about it running out, but at the same time all the OPEC nations are constantly overestimating their reserves because any drop and their share prices plummet. As a result they produce beyond their means and send us closer to peeking out... so it's actually very likely that our current predicament may even be an underestimation.</p><p>The US will feel it particularly hard because you lot set about systematically dismantling your public transport networks after WWII to support the oil and motor industries whereas countries like those in Europe and Japan have extensive systems that make the car less of a necessity (Aus is somewhere in between, but it depends on where you are).</p></blockquote><p></p>
[QUOTE="sanzar, post: 197251"] Well it's a two way street that... Sure they don't mind speculation about it running out, but at the same time all the OPEC nations are constantly overestimating their reserves because any drop and their share prices plummet. As a result they produce beyond their means and send us closer to peeking out... so it's actually very likely that our current predicament may even be an underestimation. The US will feel it particularly hard because you lot set about systematically dismantling your public transport networks after WWII to support the oil and motor industries whereas countries like those in Europe and Japan have extensive systems that make the car less of a necessity (Aus is somewhere in between, but it depends on where you are). [/QUOTE]
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