Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (385422)	5/21/2008 1:18:57 AM
From: tejek	Read Replies (1) of 1575175

SA can continue pumping crude at current rates for the next 81 years. Canada, 182 years. Iraq, 100 years. Iran, 74 years. Kuwait, 108 years. You get the idea. China is the wildcard, but as more hybrids & newer technologies roll out America's demand will decline. One out of 70 Chinese have cars. The ratio is much higher in India. Demand for cars in both countries is growing rapidly. Production of hybrids is still miniscule. Meanwhile reserves in the ME are getting lowered each year. Don't sweat it. The price of oil is up 30% since the beginning of the year. I think its time to sweat it.

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