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Tractor Talk Discussion Board |
Re: Re: Re: Re: Saving Gas
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Posted by kyhayman on May 25, 2004 at 18:58:26 from (64.12.116.80):
In Reply to: Re: Re: Re: Saving Gas posted by Paul in Mich on May 25, 2004 at 12:11:59:
I have my 8th grade American Government textbook (from 1980), (got it when they bought new books). It says that we will be out of oil in no more than 20 years, hmmmmmmm. Seems like what I filled up with was made from crude oil. We have tremendous reserves of crude, just here in the US alone (plus gas and coal) that are currently not in production, just not economical. My family (dad and uncles) have been in the oil business for 40 years. Currently have hundreds of acres with extractable crude, it just doesnt pay at $30 a barrel. Sure, oil is at $40= right now but I remember well when gas shot up a few years ago. We put over a million dollars worth of pipe in the ground on $8 gas and low and behold it dropped back below $5 in a year and a half.
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