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The Forum > General Discussion > Share market bubble.Corps borrow to buy their own shares.

Share market bubble.Corps borrow to buy their own shares.

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Arjay, I am afraid you just don't get it.
The scale of the problem will be beyond charcoal burners on the rear bumper.
You do not seem to understand that we have production of about 40% of
the oil we consume. However we are closing the refineries so we export
almost all that oil to be refined overseas, then import 90% of the
petrol & diesel we need.

You do not seem to understand that the cost and availability of energy
controls everything. Even the food you eat is transformed oil.

You said energy is abundant, then why are they trying to drill in the
Arctic, miles under the seabed, digging up bitumen in Canada, drilling
down into the source rocks to get that bit extra tight oil at three times the cost ?
We have had the technology for years to get the oil from the source
rocks and now we are near peak production of the tight oil from
the source shale rock.
Do you understand what is meant by the source rocks ?
It is the last place on earth where to find oil.
After that nothing !
Posted by Bazz, Tuesday, 12 August 2014 9:03:34 AM
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