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

To: Elroy who wrote (206823)	10/16/2004 10:26:43 AM
From: Alighieri	Respond to of 1573215

The Iraq situation is just a headline that helps the buyers pay more. The increasing demand against finite supply scenario is what is pushing the oil price up. The poor Saudis don't mind. And I would imagine every $1 per barrel increase makes them less and less inclined to reform their oppressive social system.... I am scratching my head at the contradictions in your posts. ?? Al

To: Elroy who wrote (206823)	10/16/2004 12:19:00 PM
From: i-node	Read Replies (1) \| Respond to of 1573215

For once, I agree with your entire post. This has to do with supply and demand, and it is going to get worse before it gets A LOT better. As hybrids and other technologies begin to take off, this problem will self-correct. The Saudis and others have to make hay while the sun is shining. 30 years from now there will be an oil glut that will have severe consequences for the entire region. There is no reason we shouldn't be paying $3.00/gallon for gas, or more, IMO -- other than I have a car that burns a ton of it.