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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (399514)7/17/2008 10:18:44 AM
From: HPilot  Read Replies (1) of 1582642
 
"Peak oil" has not a damned thing to do with the fact that we are importing all this oil. And it has not one thing to do with our need to drill for our own.

Well yes and no. The US peak was in 1971 with a peak very near that in the late 70's or so. But was that because we could no longer drill for oil, because less cheap oil was found, or it was cheaper to import from overseas? Most of the blocking of drilling started in the late 70's. There is more oil under our soil than we have pumped out, but most of it is in oil shale and removing the shale may bury the Rockies. But for sure if we had not had the blocking the oil would be cheaper today, but the flip side would be that the mid east would have more oil than they do today.
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