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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (357364)11/7/2007 8:03:49 PM
From: Tenchusatsu  Read Replies (2) of 1573092
 
Mindmeld, > Sure, Steve, if 1-2 million extra supply would solve our problem. However, it won't. We consumer 20+ million barrels a day of oil.

An extra 5-10% of production would have a substantial impact on prices, especially when demand for oil is inelastic.

This is an economic fact that the anti-ANWR folks ignore when they say that the additional oil production would only amount to a "drop in the bucket."

Tenchusatsu
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