Its so dumb I swear. Iran alone has an estimated reserve of 115 billion barrels, yet only pumping 2.5 million a day. (Supposedly going to increase to 4 million per day within the next few years). Surely we could increase bpd output and within the next 100 years of supply find another source of fuel. I firmly believe the reports that the real price of oil should be around $75 per barrel if the correct amount was being pumped and the damn speculators weren't driving up the price.
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