Really, you are tiresome.  On the one hand you claim deficits matter, then say we had deficits in WWII and they didn't matter.  You talk out of both sides of your mouth all the time like this.  There's plenty of oil, but oil debt doesn't matter.  But you recommend not investing in them neertheless.  This is just complete nonsense meant to be confusing.  You don't use your CC to fill your tank, which is nice and shows you live within your means, but obviously since Amerikans have now worked up $1T in CC debt, they're not as good at keeping to a budget.

If you feel you need data to show that pumping the oil left underground isn't profitable at the current price, you are free to go find this data, I am not going to bother.  For me, it's just common sense that if there was profit to be made financing it, some banker would float a loan and somebody would go frack for it.

Far as the reason the EIA was created, that's no different than why the SEC was created.  The concept is to have a goobeermint watchdog.  In practice, both the SEC and EIA are fabulous examples of regulatory capture and the revolving door of private sector employees who take jobs with the government and vica versa.  The ratings agencies are the same way, Moody's, Fitch etc.  How they rate the bonds should tell the risk, but they just follow what the underwriter says.  If you haven't seen The Big Short, I suggest you watch it.


Honestly, I have nothing more to say to you.  You are convinced of your beliefs, and you ignore what's going on all around us. Your success rate convincing folks here of this belief is having zero success, so I suggest you try another website.

RE