The Mudcat Café TM
Thread #85403 Message #1601282
Posted By: GUEST,ANWAR Oil volume is just hyped up
10-Nov-05 - 06:05 AM
Thread Name: BS: Latest on ANWR
Subject: RE: BS: Latest on ANWR
We ought to save the oil for the next oil shock.
The amount of oil is less than what is consumed by the US in 6 months and at the same time Saudi Arabia, the largest producer, is reaching oil peak and oil production has been exceeding oil discovery. So relying on domestic oil is a DUMB DUMB idea before the 2nd Great Oil Shock occurs.