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

To: J_F_Shepard who wrote (603977)	3/16/2011 11:10:02 PM
From: Brumar89	Read Replies (1) \| Respond to of 1574229

It says oil production within the US has generally gone down since 1970, though there were some up years following Prudhoe Bay starting up about 1977. It doesn't tell you anything about "supplies". Reserves are a factor of price (the higher the price, the more production becomes economical), technology, and how much you explore.

To: J_F_Shepard who wrote (603977)	3/16/2011 11:11:04 PM
From: d[-_-]b	Read Replies (1) \| Respond to of 1574229

But it's a damn good argument for saying that the oil supplies are dwindling in a regular fashion.... Not really - try using only countries that have continued to explore anywhere they want like Saudi and Venezuela - recently Brazil. 2009 oil reserves stand at 1333.1 billion barrels Global proved oil reserves in 2009 rose by 0.7 billion barrels to 1,333.1 billion barrels, with an R/P ratio of 45.7 years. Increases in Brazil, Denmark, Saudi Arabia, Egypt, and Indonesia outpaced declines in Mexico, Russia, Norway, and Vietnam. The 2008 figure was revised higher by 74.4 billion barrels, with an upward revision in Venezuela of 73 billion barrels accounting for a majority of the change.