There Is Now, And In The Furture, No More Increases In Oil Production Forthcoming To Market. This Is It.--T. Boone Pickens

The 85 million barrels per day of crude oil  that is now being produced is 
the limit. The U.S. alone uses 21 million barrels per day but produces
only 
7 million. That's the rub. It shows why Fox News Bill O'Reilly and almost 
all Democrats are morons on trying to blame this oil crisis on America's
big 
oil cor****ations who are relatively minor players globally. Obama's threat

of a excess profits tax on big oil, and more regulation, is asinine. Exxon

Mobile's profit margins are less than those of Apple Computer, Microsoft, 
Google, Cola Cola etc. Both O'Reilly and Obama went to Harvard. How can
they 
be so ****ing stupid and ignorant when it comes to economics?

The blow-hard, egotist Bill O'Reilly is also unforgivably ignorant in 
believing that the high price of oil is due to American futures traders
and 
speculators. "But
speculators and Wall Street traders have had nothing to do with the rise
in 
prices", says Pickens. "It is a global market". And the U.S. with its very

few oil companies is not even a member of OPEC.

Picken's analysis can be read below at:

http://moneynews.newsmax.com/streettalk/pickens_peak_oil_call/2008/06/17/105212.html




-- 
The sin of nearly all left wingers from 1933
onwards is that they have wanted to be anti-Fascist without being 
anti-totalitarian.--George Orwell