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

To: Road Walker who wrote (184601)	3/13/2004 3:45:04 AM
From: tejek	Read Replies (3) \| Respond to of 1574681

re: The point was simply that the cost of oil from the ocean wells was less then half of the cost that OPEC charges for oil. That's a real significant contention. I would really like to be convinced that that is correct; it would certainly ease my concern about our current situation. But the numbers have to be complete and convincing. It has to include all the incremental costs. Everything I read from the "experts" is contrary to his conclusions. If you guys know better, you have my respect and gratitude. I don't think they do. If it would cost half to drill offshore than what OPEC charges for oil, there would be a great deal of exploration and drilling happening in known offshore oil fields. In fact, there has been little increase in offshore drilling inspite of the huge spike in oil prices this past year. And then there is the issue of the size of the offshore reserves. There's a compelling reason why we are working so hard to influence the Middle East......are known and suspected reserves suck. BTW we should probably expect some sort of terrorist attack on the order of the Atocha Massacre prior to the November elections. I think its the goal of al Qaeda to keep Bush in power much like they are trying to keep the conservatives in power in Spain [Spain's national elections are on Sunday]. It serves them to keep the animosity brewing between the Western and the ME nations. ted