Foreign Affairs Discussion Group Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mistermj who wrote (175843)	11/26/2005 2:52:55 PM
From: bentway	Read Replies (2) of 281500

"Oil reserves are a function of the amount of oil in the ground, and the price of oil. Price determines how much you would spend to get that oil out, so reserves increase when the price goes up." This statement is idiotic. Oil reserves are a finite resource, and DON'T magically increase due to demand. There's a LOT of oil locked in oil sands, etc., but not an infinite amount. America's economy in particular has been built on CHEAP OIL. The Chindian economies are being created on expectation of ever more expensive, decreasing oil supplies.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next