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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (184509)	3/13/2004 11:04:53 AM
From: TimF	Read Replies (1) \| Respond to of 1573930

" No national industrial or energy policy is needed for B to happen." Yes, it is. Just in the recent news, SA has said it's ability to increase production is below reports. Shell has admitted it reserves are well below those they have reported. Your argument doesn't support you conclusion. Your premises support the conclusion that reserves may not be as high as we think they are. The conclusion is not the same thing as the conclusion that we need a national energy policy. When we pass the peak, it won't be a gradual cost increase, it will be a dramatic spike. Oil is a commodity, and commodities anticipate supply/demand wrt price The anticipation will keep the spike from being a s dramatic because oil prices will go up in advance. As demand continues to increase at an accelerating rate Demand won't increase at an accelerating rate with much higher prices. Tim