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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (315557)12/14/2006 12:13:24 PM
From: Road Walker  Read Replies (2) of 1573709
 
re: Time to drill anwr and the GOM closer to FL?

Read this more carefully:

"Events affecting supply or demand anywhere will affect consumers everywhere,” said the report, brought out by the Energy Security Leadership Council, a think tank. “Exposure to price shocks is a function of how much oil a nation consumes and is not significantly affected by the ratio of “domestic oil” to so-called “foreign oil”.

Consumption trumps production. With 25% of the worlds consumption, we have a huge opportunity to reduce consumption. We have a miniscule opportunity to increase production, and we'll still be paying the world price.
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