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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (307570)10/24/2006 10:37:40 PM
From: TimF  Read Replies (2) of 1571408
 
Taking US import demand off the market would indeed reduce OPEC profits by a lot. But demand elsewhere is growing, and production doesn't seem to be keeping up. Eventually the profits should be high again. It might take a long time (unless you believe some of the more extreme "peak oil thories) but it will happen. In the mean time you still don't have the ME become "an impoverished desert with no oil money".


You don't need a radical new design overnight. We have technology today to reduce consumption by 60%.

We could reduce the average consumption of gasoline in cars by 60% but not without relatively radical designs or a great reduction in the average size and power of cars.
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