SI
SI
discoversearch

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: Tenchusatsu who wrote (830987)1/19/2015 4:06:06 PM
From: bentway  Read Replies (1) | Respond to of 1575946
 
The 'new' sources are harder and more expensive to extract. A situation the Saudis are exploiting right now.



To: Tenchusatsu who wrote (830987)1/19/2015 5:54:10 PM
From: combjelly  Read Replies (1) | Respond to of 1575946
 
In the 1970s oil was a few bucks a barrel. It is now $60. When the Saudis achieve whatever goals they have it will go up. When China and India climb out of their slump, it will go up even more.

And production in the US will start declining in a few years. We may or may not exceed the 1971 peak, depending on what the Saudis do.



To: Tenchusatsu who wrote (830987)1/19/2015 6:25:30 PM
From: J_F_Shepard  Respond to of 1575946
 
Fast-forward to today, where once again the prediction is that we'll run out of oil in 50 years.
Where did you see this prediction???? You have any idea about how much of the world's energy is now being produced by alternative methods??? No matter how you extract the oil, there is still only a finite amount.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News