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

To: tejek who wrote (226468)3/27/2005 12:51:19 AM
From: Elroy  Read Replies (1) | Respond to of 1577188
 
For an example, had oil reserve estimates for Saudi Arabia been accurate, they would have been able to increase production. However, most oil pundits believe SA's production has maxed out.

You are confusing reserves with daily production capacity.



To: tejek who wrote (226468)3/29/2005 5:39:02 PM
From: TimF  Read Replies (1) | Respond to of 1577188
 
That isn't "fact" its an hypothesis. The official level of proven reserves have increased. The fact that "dieoff.org" might disagree with this estimate does not establish that the reserves were overestimated, let alone that the industry is notorious for such overestimation.

It is established fact that estimates from decades ago where too low. More recent estimates might be too high, too low, or fairly accurate.

Tim


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