On Larry King Live June 30, Chevron CEO David O'Reilly -- who made $35 million last year -- said that if the US doesn't lift the offshore drilling moratorium today, "my kids and my grandkids will suffer because of it."
today, oil sunk below $60 per barrel. supply and demand is the key when it comes to oil, just like everything else.
look how fast it went up, and look how much faster it went down. thats how powerful this stuff is, so powerful that all these green and alternative fuel programs and plans will be put on the shelf until gas prices are back to $4 per gallon, because its just not profitable to create these alternatives when the oil spicket is flowing heavily with cheap crude
What he is saying is that the US will still be reliant on oil when his grand kids are grown up.
Why would anyone want to drill and thus be more reliant on a volatile product like OIL?
Europe is getting off oil thus they could care less about the price of oil. Gas costs 10$/g over their yet economy/dollar is doing better than in the US.
Drilling may relief our dependence but as China brings 600,000,000 into the middle class the cost of OIL will double, triple and no one can stop that.
yeah, of course they will suffer!: now they can afford to buy 20 handbags per month at Neiman Marcus, if the ban is not lifted, they will only afford 12 handbags per month at Neiman Marcus...how cruel we are and we do not allow the ban to be lifted! God may forgive us one day....
Great job keep up the fantastic work!
VideoGameCoupons 1 month ago
Hey Mr. Oil man. FUCK YOU!
rybones1311 8 months ago
O'Reilly is a hero.
He has single handedly contributed to bringing humanity out of poverty.
BrettDunbar 1 year ago
today, oil sunk below $60 per barrel. supply and demand is the key when it comes to oil, just like everything else.
look how fast it went up, and look how much faster it went down. thats how powerful this stuff is, so powerful that all these green and alternative fuel programs and plans will be put on the shelf until gas prices are back to $4 per gallon, because its just not profitable to create these alternatives when the oil spicket is flowing heavily with cheap crude
grimetime55 3 years ago
What he is saying is that the US will still be reliant on oil when his grand kids are grown up.
Why would anyone want to drill and thus be more reliant on a volatile product like OIL?
Europe is getting off oil thus they could care less about the price of oil. Gas costs 10$/g over their yet economy/dollar is doing better than in the US.
Drilling may relief our dependence but as China brings 600,000,000 into the middle class the cost of OIL will double, triple and no one can stop that.
TheNextTurn 3 years ago
Wow. What a douchebag. If I saw Mr. OReilly on the street I'd kick him in the balls.
uberfreak9 3 years ago
yeah, of course they will suffer!: now they can afford to buy 20 handbags per month at Neiman Marcus, if the ban is not lifted, they will only afford 12 handbags per month at Neiman Marcus...how cruel we are and we do not allow the ban to be lifted! God may forgive us one day....
AngelosandSatan 3 years ago