3 Reasons why large profits aren’t enough to keep big oil companies from panicking- Part 1
Jun 13
The ratio at which the supplies of big oil companies are being renewed is slipping rapidly. The standard for this ratio is 100 percent or more, but most of the big six oil companies in the United States are projected to plunder well below that over the next 5 years. This is not even close to being enough to satisfy the demand the world will have (which is constantly increasing, by the way). If this projection is correct and if demand does, in fact, substantially outgrow the supply, by the end of this decade oil prices could increase to nearly $200 a barrel, which would translate to $6 a gallon for gasoline!
![Why the Big Oil Companies Are Secretly Panicking Why the Big Oil Companies Are Secretly Panicking](http://www.bionomicfuel.com/wp-content/uploads/2011/06/oilcompanypic.jpg)
1) Hard to keep up with demand.
Click here to continue reading
Related Posts
- The Earth is Running out of Oil and the Havoc this Will Cause
- Alternative Fuels: Propane - Safe or Not?
- Is Peak Oil a Myth? 5 Reasons Why We Think So - Part 1
- Is the diesel hybrid car the better choice?
- US Oil Reserves by State
Leave a Reply
You must be logged in to post a comment.