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

To: bentway who wrote (255951)	10/17/2005 9:02:09 PM
From: kech	Respond to of 1572696

Unless Chindia's consumption increases to suck up all the conserved stocks, which I'm betting it will. They're hundreds of millions of potential new drivers there.. Could happen, but so far, like California 5 years ago, the Chinese consumers have been cushioned from the real energy/gas/oil price increases and they face occasional shortages instead. When the price of oil there goes up to the world price, as it inevitably will, then they will start to conserve as well.

To: bentway who wrote (255951)	10/18/2005 11:25:14 AM
From: tejek	Respond to of 1572696

"when the price goes up, and no doubt the price will be lower in a couple of years as conservation and new supply drives it down." Unless Chindia's consumption increases to suck up all the conserved stocks, which I'm betting it will. They're hundreds of millions of potential new drivers there.. What people don't realize is that new wells are being drilled every day. However, in general, the new wells are not as productive as the old wells and the amount of oil and NG the new ones are producing only keep us at current levels. In addition, reserves are not growing. The only good news.......in the last quarter, global oil consumption appears to have dropped by a very small amount YOY. It appears that $50 per barrel is a key threshhold. ted