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Politics : Idea Of The Day

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To: active22 who wrote (33071)	9/14/2000 7:30:02 AM
From: GROUND ZERO™	Read Replies (1) of 50167

IMHO, there are three major phases to the oil problem... 1) oil field discovery, 2) oil production, and 3) oil consumption... 1) Oil Field Discovery - In the early 1970's the boom of oil field discovery was in full bloom, limited partnerships were being formed everywhere to invest in the discovery of new oil fields, partnerships and investment opportunities were being advertised on radio and TV... oil was becoming plentiful... 2) Oil Production - In the early 1980's, as the phase of oil field discovery peaked and began to decline, oil production began to rise and production was generally able to keep up with demand... 3) Oil Consumption - Today, oil field discovery is all but ancient history and production is now on the decline... but global consumption is still on the rise and production cannot keep pace... If my above assessment is correct, then weez in deep doo doo...<g> GZ

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