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Politics : Formerly About Advanced Micro Devices

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To: SilentZ who wrote (385389)	5/20/2008 11:49:07 PM
From: i-node	Read Replies (5) of 1575420

>>> Yeah? I hope so. I don't think so, though. Yeah, it can. Easily. The major sources, like Saudi Arabia, have decades worth of oil left at current production levels -- in SA's case, I think close to 100 years. Even in the US there is a lot of oil worth extracting at $100 bbl that wasn't at $20. We've got interests in a few wells in South Arkansas that had plugged & abandoned, and now they've started drilling on our land again because it is is now worthwhile to extract that oil. Eventually, we'll get ANWR. And Canada has huge reserves that are scarcely being touched. Also, they are now able to drill in the Gulf beyond the continental shelf, and it is expected there is a lot of oil there. I'm not saying the supply is unlimited, but really, we should be fine for a few decades and there is no way we won't have other energy sources in that kind of time frame.

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