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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (63572)	4/28/2006 6:33:51 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 206326

Not that absurd actually. I'll bet it's pretty hard to get oil out of Nigeria right now and they have producing wells. -g-

To: Tommaso who wrote (63572)	4/28/2006 6:45:04 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206326

>>>> because I believe that the single most important factor in determining when the world really does hit peak oil production will be geopolitical issues, not geologic ones.<<<< >> A perfectly absurd statement. Politicians do not create oil. Politicians do not find oil. Politicians do not pump oil. Oil comes out of rocks.<< But politicians restrict production with incompetent state owned oil companies, punitive taxes on production, and setting areas off limits to production. So oil production will peak long before simple geology would indicate because there is no unfettered access to the rocks for those with the best technology.