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To: Nadine Carroll who wrote (256577)	7/2/2008 5:41:17 PM
From: Triffin	Read Replies (1) \| Respond to of 793914

We'll just have to agree to disagree .. My last word on the topic .. We can drill our way out. We can drill AND conserve AND develop alternate fuels and put the world market back into surplus. Sorry Dorothy .. we're not in Kansas anymore .. Iraq and possibly offshore Brazil could scale up to 4-5 mbpd, but it'll take 15 years to get there and we'll be lucky if we're producing 75 mbpd at that point .. Depletion never sleeps .. Triff ..

To: Nadine Carroll who wrote (256577)	7/3/2008 12:20:03 AM
From: Triffin	Read Replies (1) \| Respond to of 793914

US domestic crude production .. million of barrels per day tonto.eia.doe.gov 2002 5.746 mbpd price 12/2002 $35.00/barrel 2007 5.103 mbpd price 12/2007 $110.00/barrel You'll note that during the above period that the price has more than tripled while supply/production declined by 11.19% .. We've been drilling like crazy to mitigate the depletion rate or the decline would have been more severe than what we have experienced .. I wish I could be as optimistic as you about our ability to ramp domestic production by an additional 4-5 mbpd as you posit; hopefully, the powers that be will lift all drilling restrictions both onshore/offshore so we can have a go .. Triff ..