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

To: TimF who wrote (226983)	3/30/2005 2:43:45 AM
From: tejek	Read Replies (1) \| Respond to of 1577521

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. In fact, the very oil reserve estimates are an example of hypothesizing. It is established fact that estimates from decades ago where too low. More recent estimates might be too high, too low, or fairly accurate. Most experts believe estimates made in the last 50 years are too high period. You can rationalize it all you want but in the end, oil is a finite resource that is being quickly depleted. ted