Zeev's Turnips Talk Politics (ZTTP)

[samaelrocks]

You need to be buying USO calls then. LOL! You have to be smarter than what it is you are playing. And as I pointed out using direct definitions, you are not being lied to. Only the time frame is in question.

You keep saying that oil companies refuse to develop leases. In other words, you must believe oil companies have idle equipment AND workers sitting around. Let's do some simple math here with hypothetical numbers.

Let's say there is equipment and people remaining idle to get the price of oil up to $200 x's 10 million in current production. This = $2 Billion in daily revenue.

Evil oil companies change their tune and use the idle equipment to increase production to 15 million with a lower per barrel price of $150. This = $2.25 Billion in daily revenue.

Keep crunching the numbers. How much lost opportunity do you believe this idle equipment is creating? Double today's domestic production? Tripple? Maybe increase by only .5 or .33? What's YOUR number? Or do you have a link showing what the lost opportunity is? How much more oil production daily do you think it takes to lower the price per barrel by $10, $20, or $50? Note that it would take a drop of at least $20 per barrel to get gas back down to around $2 per gallon.

So how much negative production is being created by your alleged idle equipment?