Oil & Gas - Energy - Commodities - Resources (OILBRENT)

[DocLevi]

There was a time where Iran was supposed to be an importer of oil by now for their energy needs... lol, horizontal drills must be giving them plenty or perhaps its the nuclear power plants... just another reason to believe one day the world will be very short on oil available for recovery... world demand will be way short of production... we are using it up fast this way... but how long all depends on just how many wells are drilled to hold leases (as most USA/Texas leases from lawyers) require production (limited shut-in time (so just drilling to hold the lease will not work without production but no mention of max production allowed by TX Railroad Commission)...

They haven't even started tapping oil reserves (shale) in Asia from article a couple of years ago but since oil hadn't dropped that much they may have leased (so will they add to the glut and drill/produce to keep the lease and not pay again to lease them when prices rebound? These world producers need to eject OPEC and any other and work through the UN on production limits based on proved reserves and world demand (maybe that could be done)?