Formerly About Advanced Micro Devices 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 : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TimF who wrote (307578)	10/25/2006 7:05:30 AM
From: Road Walker	Read Replies (1) of 1571408

re: 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". China, despite it's size, uses about 30% of the oil the US uses. Even at a growth rate of 15%, our decrease would dwarf their increase. And it's a pretty good assumption that they would adopt any new or existing technology that we use; China has a big stake in energy efficiency as well. And Europe is more than a little ahead of us on this. nationmaster.com A strong move towards MPG efficiency would have an immediate effect on ME earnings. And as new technologies take hold, plug in hybrids and eventually all electric vehicles, their earning would continue to fall. Eventually oil could be something you use to make plastics, and that's about it. John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next