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

To: TimF who wrote (184921)	3/16/2004 7:38:05 PM
From: tejek	Read Replies (1) \| Respond to of 1575003

I agree......what is the point you are making? Only a relatively minor, and simple point that for some reason has resulted in so much back and forth verbiage. That the cost of the oil we are extracting from offshore wells is much less then the current world price for oil. If oil stays at this price or higher I imagine there will be more exploration for offshore oil, but oil companies don't want to spend a lot of money on oil that costs say $25 per barrel only to see the price of oil swing back to $20. If the cost of extracting offshore oil were much less than the current price of oil, then there would be more offshore drilling. While there has been an increase in rigs, its not all that much......suggesting that even with oil at over $36 per barrel, there is not much money to made offshore. Its an impressive failure of the Bush administration that al Qaeda is stronger now than it was before 9/11. It would be an impressive failure if it was a fact but it is not. In past, I have listened to all the GOP nonsense re. the demise of al Qaeda, and not refuted it too strongly. But those days are over. In the past twelve months, al Qaeda has blown up so many places that the more important questions re. their next attack isn't when but where and how bad. This administration has failed to carry out the mandate it set for itself after 9/11. And the failure is impressive! Much to our loss of security! ted

To: TimF who wrote (184921)	3/16/2004 8:06:45 PM
From: Road Walker	Read Replies (1) \| Respond to of 1575003

re: Only a relatively minor, and simple point that for some reason has resulted in so much back and forth verbiage. That the cost of the oil we are extracting from offshore wells is much less then the current world price for oil. So that's why we are dependant on ME oil, the oil companies like to pay more! Or maybe it's the Bush family relationships in the ME? Frankly, it folks that argue that there is no problem that will change a problem to a disaster. It's past time to start towards energy independence. Wouldn't it feel nice not to have to depend on the ME for the health of our economy? Right now, with 4% of the world population and 25% of the world oil consumption, we are sitting ducks. There are two solutions. Either we figure a way to lower oil consumption with alternate fuels, or we have oil wars. Bush has chosen oil wars (he's an oil guy). It's not a C/L or D/R issue. It's our future. John