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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (404176)	8/4/2008 12:21:34 PM
From: combjelly	Read Replies (1) of 1574681

"WR, regulations and legislation cause "peak oil" conditions to become self-fulfilling prophecies" How so? The peak was in 1972, can we agree on that? So, what happened in the 1960s that stopped drilling? Ok, the ban off Santa Barbara, although that was a little late to make a peak in 1972. And that only fits if Santa Barbara has reserves that make Saudi Arabia look oil poor. Most of the OCS bans occurred a good decade after the peak. When oil was getting really cheap. So that couldn't have caused the peak. And that still doesn't change the fact that oil production is declining almost everywhere, including the ME. Has everyone stopped drilling?

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