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

To: J_F_Shepard who wrote (392264)	6/18/2008 10:30:02 PM
From: steve harris	Read Replies (1) \| Respond to of 1576858

Environmentalists....

To: J_F_Shepard who wrote (392264)	6/19/2008 12:12:50 AM
From: i-node	Read Replies (2) \| Respond to of 1576858

Hasn't there been a lot of drilling going on for the last 40 years and yet oil production keeps falling....Why??? You obviously don't know crap about the oil bidness.

To: J_F_Shepard who wrote (392264)	6/19/2008 7:08:43 AM
From: Brumar89	Read Replies (1) \| Respond to of 1576858

During the last 40 years, we've had drilling booms and periods when drill rigs were mothballed. Its a cyclical business and fluctuates as prices rise and fall. There are a couple factors in US production declines over the past 40 yrs. One is production in any field or producing region will eventually fall due to depletion (see M King Hubbert). The other factor is we decided, for environmental reasons, to not allow drilling on a lot of our unexplored acreage.