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 (284789)	4/19/2006 11:55:57 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1572605

How do you feel about the growth engine now? Message 18753287

To: Road Walker who wrote (284789)	4/21/2006 4:34:48 PM
From: tejek	Read Replies (1) \| Respond to of 1572605

Wading into oil politics for the first time, Iran's hard-line president said Wednesday that crude oil prices — now at record levels — still are below their true value. In a sense he may be right. We don't know when we will run out of the stuff nor when peak production will be hit. If we knew either of those two numbers, we could put a better price on oil today. As it stands, what we do know is that for the past two years, production has declined even with the most rigs in place since the early 1980s. Part of that is obsolescence.........Russian and Iraqi wells are in serious need of modernization, part of it is geo political events like the uprisings in Nigeria and Iraq, and part of it is that the easy oil has been pretty much pumped up. Those three things added to the uncertainties created by Iran and other problem areas plus the growing economy of China keep the price up high......artificially or otherwise.