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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (558103)4/1/2010 6:25:49 PM
From: J_F_Shepard  Read Replies (2) of 1576160
 
When oil was $100 a barrel there was a stampede to get rigs working.....sea borne rigs were booked for and they started building new ones as fast as they could.....when prices fell so did the number of rigs... No, I am not saying never drill but I am saying we don't need to drill in those areas now since it really won't make any difference with regard to the amount we use daily and annually. It's a drop in the proverbial bucket. Your familiar with the peak oil curve, I'm sure.
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