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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (72413)	6/16/2008 3:57:06 AM
From: Cogito	Respond to of 542258

>>Presumably because you haven't filed paperwork for Cogito, Inc. :-) Hop to it. << 8bits - No, but I did file to create Cogito Retail GmbH & Co. It's based in Germany. See cogito.com - Allen PS: Kidding

To: 8bits who wrote (72413)	6/16/2008 4:00:03 AM
From: Cogito	Read Replies (1) \| Respond to of 542258

>>As Quehubo pointed out it takes years for a new field to be developed. As recently as November 2001 oil was $18 a barrel. Even as recently as 2003 oil averaged $27.69 for the year. It's really just been in the last 2 and 1/2 years that most of the oil companies realized that oil prices were going to stay higher, ie making previously uneconomical ventures now worthwhile to pursue. Large fields can take many years to develop, especially in the more challenging areas that are left for US oil companies to explore.<< 8bits - Exactly so. They haven't started producing in the places they can do it, because of economics and/or a shortage of skilled personnel and drilling equipment. So why don't we stop blaming Congress, who only call the oil companies to testify in order to be able to tell their constituents they tried to do something about high fuel prices. - Allen