Thread: More Oil
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Old 24-08-2014, 11:44 PM   #18
danzvtil
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Join Date: Jun 2013
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Default Re: More Oil

Australia is hooked into the world price of oil, so it is a little simplistic to say and oil from here is "ours" and we can buy it cheap.
The problem with oil supply, if worldwide supply were to INCREASE every year for the next 20 years, the price will still skyrocket. It may have something to do with the millions of new "middle class" drivers in India and China who now need this oil just as much as we do.
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