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

To: Brumar89 who wrote (387807)	6/2/2008 9:11:27 PM
From: tejek	Read Replies (1) \| Respond to of 1575670

Venezuela and Mexico fields are past their peak. They may be able to extract more oil if they were better run, but their best days are behind them in any case. Supposedly Russia's mgmt of its oil fields has improved considerably over the past ten years and they have increased production but their fields are very close to their peak. Their known fields. But those countries haven't done and aren't doing much in the way of exploration. Its almost certain that there is a lot more to be found. VZ found another field a couple years back and is preparing it for drilling or they are drilling. MX has not been able to find more oil; then again, maybe the geologists are lying. What do you think? There's always a possibility but its not likely. Its more likely the price will drop when demand slows.....probably during the next global recession. The current situation is looking like a top to me. But thats just me. Where do you see a top in this chart: quotes.ino.com