Tag Archives: oil reserves

There ain’t nuthin’ left….

First the US has depleted its weapons stockpiles which will take years to rebuild. Now they have sold off their oil at premium prices and the country has not benefited from the profits gained – but somebody has. https://www.upstreamonline.com/energy-security/oil-markets-reaching-unheard-of-inventory-levels-exxonmobil-executive/2-1-1996440?zephr_sso_ott=XbRY06 https://www.msn.com/en-us/money/markets/the-oil-shock-is-here-to-stay-energy-bosses-brace-themselves/ar-AA1Zw6qyContinue reading

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Oil Reserves

Oil is a finite commodity. Oil reserves that remain have a calculation attached which tells producers how many years remain that they could expect wealth from this fossil fuel. Present regimes of United States, Russia and Saudi Arabia might not … Continue reading

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