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Politics : The Environmentalist Thread

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To: Wharf Rat who wrote (21437)	5/3/2008 8:04:01 AM
From: Maurice Winn	Read Replies (2) of 36917

Wharfie, you said oil peaked in 2005. It didn't. It increased after that. You were wrong. Yes, fields are being depleted. More come on stream. Production at others increases. What matters is the total. When oil is $120 a barrel there is a LOT of incentive to find and sell more of the stuff. A friend is in the process of retiring wealthy from finding and producing oil in NZ. They brought another oil and gas field on stream recently. Check out BP's, Shell's, and Exxon's profit announcements in the last few days to see how much incentive there is to find and sell more of the stuff. Mqurice

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