Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: HPilot who wrote (399523)	7/17/2008 10:35:36 AM
From: i-node	Respond to of 1582369

Well yes and no. The very concept of "peak oil" depends upon the price of oil. For example, the Canadian sands production is just getting underway because it is just now becoming economically feasible. We are importing this oil today because we have not taken advantage of our own reserves. And were OPEC willing to supply more, "Peak oil" doesn't impose any limitation on what they can supply at this point in time or anytime in the near future. I don't discount the concept as relevant to something, but it is not influencing the price of gasoline in the United States at this time.