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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (247334)	4/25/2008 10:11:17 AM
From: Snowshoe	Read Replies (1) \| Respond to of 793835

>>Schumer needs to spend some time with a petro-geologist; He clearly doesn't comprehend 'depletion' or the concept of net available exports<< The world is going to hear a lot about the notion of OIL DEPLETION... A Nosedive Toward the Desert theoildrum.com Saudi Aramco production 2002-Jan 2007 as before, together with a hypothetical scenario (red line) where base production declines linearly at 120kbd per month, but is augmented by production from all planned megaprojects starting on their currently intended date, and not changing thereafter. Source: see above for KSA oil production sources. Megaproject dates and amounts are from press releases from Saudi Aramco and Rembrandt Koppelaar.

To: Triffin who wrote (247334)	4/25/2008 12:01:18 PM
From: MulhollandDrive	Read Replies (4) \| Respond to of 793835

"I think there's excess speculation in the futures markets," he said. "We're working on a lot of different approaches," including barring the administration from filling the Strategic Petroleum Reserve when prices for fuel are so high. and this as well, triff... petulance, arrogance and total stupidity so let's see, if our government does something to eliminate 'excess speculation' in the futures market (i've actually begun to hear calls for the government to step in to the oil futures markets and 'control' it).... gas lines anyone? also, anyone think that china's burgeoning demand for oil will cease because we stamp our little foot and threaten the saudis with a weapons embargo? we are doomed if this is type of entrenched mindset in washington