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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: mistermj who wrote (15063)7/16/2007 3:11:47 PM
From: Wharf Rat  Respond to of 36917
 
We won't; they have been becoming more realistic with time. This is the closest, by far, they have ever come to saying "We are there."
Wouldn't surprise me to see an update..balance in '09; then OhTen. The Texas State Geologist still thinks they can beat the '72 production numbers...



'60? That's like production quotas. Don't want to flood the market and drive down the price, eh?


images.google.com



To: mistermj who wrote (15063)7/17/2007 10:11:35 AM
From: Triffin  Read Replies (2) | Respond to of 36917
 

Oil demand next year is expected to average 88.2 million barrels per day


Supply has yet to exceed 86 mbpd ..
The market can demand any amount it wants ..

My contention is that supply has run up against
geologic constraints as opposed to lack of infrastructure
investments ..

Triff ..


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