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<blockquote data-quote="bacha29" data-source="post: 5201397" data-attributes="member: 58386">The industry itself will disappear on it&#039;s own as newer cleaner burning fuels that are not as vulnerable to geopolitical events come online. Crude oil is a GLOBAL market subject to global forces outside the ability of the US to influence them let alone control them. We&#039;ve been fighting for security and control of foreign located sources of oil going all the way back to when we fought the Germans in World War II for Mideast oil.&nbsp;&nbsp; Haven&#039;t we shed enough blood and treasury for oil? Yes we are one of the world&#039;s leading producers of domestically recovered oil. But more people means more cars more electricity and more consumer goods made from oil.&nbsp; As for your claim that nobody cares about the boom and bust cycle. Now you may not care because you don&#039;t have a dime in the game. But, the people who have skin in the game do care including me....A person who has positions in one oil company and two oil pipeline companies.</blockquote>

[QUOTE="bacha29, post: 5201397, member: 58386"] The industry itself will disappear on it's own as newer cleaner burning fuels that are not as vulnerable to geopolitical events come online. Crude oil is a GLOBAL market subject to global forces outside the ability of the US to influence them let alone control them. We've been fighting for security and control of foreign located sources of oil going all the way back to when we fought the Germans in World War II for Mideast oil. Haven't we shed enough blood and treasury for oil? Yes we are one of the world's leading producers of domestically recovered oil. But more people means more cars more electricity and more consumer goods made from oil. As for your claim that nobody cares about the boom and bust cycle. Now you may not care because you don't have a dime in the game. But, the people who have skin in the game do care including me....A person who has positions in one oil company and two oil pipeline companies. [/QUOTE]

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