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Originally Posted by lamboguy
i would tend to agree with you in most cases, but not on this one. when you open the spigots of oil wells, you can never close them until the oil runs out under ground. if they don't want to sell the oil, then they can burn it and pollute the air that all of us have to breath. i am with you, i would much rather see oil above $100 so that less of it would be used. but i am afraid to say that isn't happening.
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When oil prices dropped below $20 per barrel years ago, thousands of Texas oil wells were, literally, shut down. They said they couldn't afford to pump it anymore.
