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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (64689)	1/6/2003 8:01:48 PM
From: Noel de Leon	Read Replies (1) \| Respond to of 281500

From your site: "The Hoover and Diana fields, located in the Gulf of Mexico 320 kilometers (200 miles) from Houston, hold the equivalent of 400 million barrels of oil. ExxonMobil is also the primary leaseholder on several good prospects and discoveries nearby, such as the Marshall and Madison fields, which will be tied into the Hoover hub in 2002." The US uses about 18 million barrels of oil per day. That is about 6.5 billion barrels per year. The Mexico field covers less than 10% of this, then it is empty. Do you think that 11 fields of this size will be found every year? The projected world wide demand in 2020 for oil is 65% greater than today. Do you think that enough fields of this size will be found in 2020? and every year there after? As for your comment "... As for U.S. I do not know why we have to be independent of gasoline etc... " Not relevant, I'm addressing a global problem