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Politics : Bush-The Mastermind behind 9/11? -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (5447)	2/26/2004 8:42:07 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 20039

Gus, There is an error in the material you just presented. What the author stated: By the year 2020 Africa should provide 17% or more of crude oil imports to the US, or about 770 million barrels or more a day. That's bunk. Here's the facts. The world currently consumer about 78 MMbbl of crude oil (not BOE) per day. Of this, the United States consumes ~20 MMbbl, or 25% of the world's consumption. Of the 20 MMbpd, 57% is currently imported. Allowing the figure of 20 MMbpd to remain constant (a very conservative approach) and using the author's 17% figure, we come to the following answer: 20 MMbpd x .57 x .17 = 1.93 MMbpd, not, as he states .77 MMbpd. If we can't trust the guys arithmetic, should we trust any of his other "facts"?