The juniors who have lots going for them are gonna become more an more the focus of the place to be for good returns.
The US produces 5 mil barrels of oils a day, we use 21 mil. This is not the same thing that was going on in the 70's. Opec members stopped selling oil, the Iraq and Iran went to war, interesting where we are at today, considering.
85% of the Oil producers are not friendly to the US.
Russian who is the 2nd largest oil producer during the first 3 months this year production fell. US have doubled the number of wells drilled per year and production is dropping.
India is not a major oil producer and exporter, and neither is China whose buying up every oil field they can, and have been in Canada.
China, Russia, Venezula, Iran, and a real hot spot for terrorist is Nigeria.
Shortages loom on the horizon imo. Its unbelievable that Diesel today is higher than premium and requires less refinement. It use to be the cheapest, and for good reason, the transport of goods. Today we have more trucks on the roads than ever, and we are ever dependent on trains for transport as well.
How will we know when we can't get the oil?. We won't till it occurs, and the government has never known how to be prepare for the unexpected, the 70's were a lesson to this country that the politicians nor anyone else took it as serious as it should have been, and we have lost a good 40 years and are now behind the 8 ball.
Combine this with the greenhouse effects and its a double edge sword.
Alaska is not gonna be found to be the solution having listened to the arguments on both sides, there just isn't enough sustainable oil that can be produced long term.
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