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

To: Road Walker who wrote (423684)10/8/2008 10:09:51 AM
From: Wharf Rat2 Recommendations  Read Replies (1) | Respond to of 1573230
 
Drill, drill, drill??

US oil production at lowest level since 1946-gov't
Tuesday October 7 2008 WASHINGTON, Oct 7 (Reuters) -

U.S. crude oil production this year is expected to fall below 5 million barrels per day for the first time since shortly after World War Two, the government's top energy forecasting agency said on Tuesday.
The lower output is due to hurricanes Gustav and Ike, which at one point shut in almost all the 1.3 million barrels a day in oil production in the Gulf of Mexico, according to the U.S. Energy Information Administration.
About 45 percent of Gulf oil output is still offline weeks after the hurricanes struck.
In its latest monthly forecast, the EIA said combined offshore and onshore U.S. oil production should average 4.96 million barrels per day this year, down 100,000 barrels per day from last year and the lowest level since 1946.
Oil output is forecast to recover to 5.29 million barrels a day in 2009, but will still be far from U.S. peak production of 9.6 million barrels a day in 1970, the EIA said. (Reporting by Tom Doggett, editing by Matthew Lewis)

guardian.co.uk



To: Road Walker who wrote (423684)10/8/2008 10:29:22 AM
From: combjelly  Read Replies (1) | Respond to of 1573230
 
"But nothing is really transparent right now. If it was there might be a solution."

Transparency, or lack thereof, is a huge problem. For me, that is the really scary thing about this, there is no way to know exactly what is at risk. All that can be done is to trow something out there and hope it works.

"It's no wonder we are in this mess with that kind of non-logical 'thinking'."

Yeah.

Yet another reason why McCain shouldn't win.


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