Motley crude
Oil prices are at record highs, production may well have peaked, yet demand continues to soar. So why aren`t the oil companies panicking?
The San Francisco Chronicle, in 1971, carried a small item: “The Texas Railroad Commission announced a 100% allowable for next month.” It was a very cryptic report and, knowing newspapers, it was probably simply used as a filler.
August 24, 2004