Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Road Walker who wrote (226191)	3/25/2005 7:43:22 AM
From: Road Walker	Read Replies (3) \| Respond to of 1577883

Are there ANY hybrid vehicles produced by US auto manufacturer's yet?

To: Road Walker who wrote (226191)	3/25/2005 1:33:09 PM
From: tejek	Respond to of 1577883

Despite its size, Prudhoe Bay was not big enough to reverse the decline of American oil production. The greatest year of United States production was 1970. Prudhoe Bay started producing oil in 1977, but never enough to raise American production above the level of 1970. The Arctic refuge will probably have an even smaller effect. Every little bit helps, but even the most successful drilling project at the Arctic refuge would be only a little bit. But if the question of whether to drill in the Arctic National Wildlife Refuge is the wrong one, what's the right one? In 1997 and 1998, a few petroleum geologists began examining world oil production using the methods that M. King Hubbert used in predicting in 1956 that United States oil production would peak during the early 1970's. These geologists indicated that world oil output would reach its apex in this decade - some 30 to 40 years after the peak in American oil production. Almost no one paid attention. An important tell is Saudi Arabia. The Saudis are supposed to have the largest oil reserves in the world. During the last two years, esp. the last year, they have claimed that they are upping production in order to offset rising prices. For whatever reason, they have not increased production. Some experts say the Saudis are playing mind games. Others are saying that they are unable to increase production; that their reserves are not as great as once thought and their production has peaked. If so, that's an extremely important global milestone. Most experts concur with the article that oil production will peak some time in this decade. That fact is critical. Bush knows it as do the oil people in his administration. So what are they doing to mitigate the problem? Drilling in the ANWR and invading Iraq. There is little talk about conservation. Is there any doubt we are in our last days as a great power? ted