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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (415229)9/8/2008 2:47:35 PM
From: TimF  Read Replies (1) of 1576181
 
Even if its only slightly slower that should be enough. The real question with this analysis is what discount rate to apply.

There is no evidence that the US has enough reserves that can economically be produced to slow the rise in oil prices very much.

At today's prices, your probably right. At higher prices, more US oil can be produced economically, so the chances of being able to slow the rate of increase become greater.

But nothing in my analysis was dependent on the US producing enough oil to significantly slow the rise in oil prices. If additional US oil production had zero effect on the price of oil, it wouldn't change my point.
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