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Politics : Formerly About Advanced Micro Devices

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To: steve harris who wrote (391711)	6/17/2008 11:45:50 AM
From: tejek	Read Replies (3) of 1577173

Why do you and all of the opponents to domestic drilling keep repeating this "10 years" nonsense? It doesn't take ten years, not even close. I know that facts are not that important to you guys but did you know that the Saudis are having trouble unloading their 'sour' crude on the markets at a $25 discount to the Brent crude which is the crude commanding the $140 price tag and is the light, 'sweet' stuff? Literally, they have the stuff in ships waiting to go somewhere but there are no takers and they may have to discount it even more. Now the ANWR which you all are so psyched up to despoil has the sour crap that we don't even use. So then we would have to compete with the Saudis to try and find a place to unload.......the most likely place is Japan. In other words, drilling the ANWR is the weakest link to a solution and should only be done as a last resort. If the oil in the Gulf is the sweet stuff, then I say go for it. In addition, we have a huge pool of NG that is not getting tapped. We need to go after it asap. It is now cheaper than oil and we produce most of our NG locally.

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