71 online
Most Popular Choices
Share on Facebook 15 Printer Friendly Page More Sharing
Exclusive to OpEd News:
General News   

Coffee Shop Wisdom; What Oil Shortage?

By       (Page 1 of 2 pages)   2 comments
Message Mike Folkerth

Good Morning Middle America, your King of Simple News is on the air.


U.S. NEWS: Reporting this morning on an important conference that was held down at the local coffee shop, I have some enlightening news. The original subject of the conference was the cost to our good citizens of absorbing the now defunct SUV and truck market.


We discussed the fact that thousands of Americans owe far more on their SUVs and big diesel pickups than they are worth…a lot more. Not being able to sell a vehicle and not being able to afford to drive it presents a problem under most circumstances, but this isn’t most circumstances. Far higher levels of complex discussions have taken place at the coffee shop than this, and those issues were resolved before 9AM. Fuel would be no different.


It was Ralph who broke into new territory when he calmly asked, “What oil shortage?”

Every town has a guy like Ralph, not only does he not know much, it’s been rumored around here that Ralph doesn’t even suspect anything.


“There’s no oil shortage,” he continued, “Just like in the 70's, oil will come back down.” Taking a chance that Ralph may unload some unpublished scientific data on me, I said, “The U.S. produces 40% less oil today than did in 1970. The oil supply is gone like the Studebakers, Ralph, and it’s not coming back.”


After a lengthy diatribe of how GM and Ford forced Studebaker out of business back in 1966, Ralph said, “I bet they haven’t found 10% of the oil in the United States.” Several of Ralph’s relatives agreed.


Being a glutton for punishment, I foolishly asked, “Why, with oil being $136 per barrel, wouldn’t the oil companies go find the other 90%?” Ralph reared back with an all knowing smirk and said, “The government and the environmentalists won’t let them.”


At this point I demonstrated that the person who said, “Never argue with an idiot, they’ll drag you down to their level and then beat you with experience,” knew of what they spoke, as I attempted to combat Ralph’s theory.”

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Mike Folkerth Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Will Our Economy EVER Recover?

Fox News on Georgian Invasion; Not Exactly What They Wanted:

Paradigm Shift; Change Your Life:

U.S. Auto Industry is in Recession:

Housing Predictions:

Treasury and IRS Agree; Pension Freezing is Legal!

To View Comments or Join the Conversation:

Tell A Friend