I have a friend that worked high up in management at a NG utility and during the Clinton years until he got the "package" as a gift for years of loyal service. I called him the other day and he still believes that there is plenty of oil. He says the peakers' were peaking back then too.

He would look at this and insist the same thing today. He would say, "Companies can't gouge and that with the greenies no wells are being drilled. Take the East coast there is plenty of oil there but they can't drill for it thanks to those protestors!"

The symptoms all point to true hardship. Things are getting beyond desperate and even wise men want to keep everything as is at all costs. The denial is more powerful then even the greed that is creeping around out there.

Thanks for posting this as it shows how much can be forgotten in only a few years. It also shows that nothing changes except the numbers grow and grow!

AO, please do put "wise" in quotes...