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Re: Anyone got an Oil Crystal Ball?
Old 03-01-2006, 08:30 PM   #21
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Re: Anyone got an Oil Crystal Ball?

Originally Posted by FC4free
There is also all the oil up in ANWR.
IMHO, this ANWR thing is a huge red herring. The Energy Information Administration, or EIA, tells us "But even at peak production.... the United States would still have to import two-thirds of its oil, as opposed to an expected 70 percent if the refuge’s oil remained off the market." So ANWR would reduce our need for imported oil by 4% of the total US projected demand if we could get at all the ANWR oil

The DOI is quick to point out how much more oil there is in ANWR than in any other place in US, but fails to tell us the obvious : the US domestic supply is satisfying only a fairly small amount of total US consumption. Check this for a wake-up call on all this huffing and puffing by the administration: I also read somewhare that the ANWR reserves would be used up in less than 15 years if extraction plans proposed by US Administration were implemented....
I'd rather have the ANWR preserved for future generations in its pristine state and see some serious attempts at curbing consumption.

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Re: Anyone got an Oil Crystal Ball?
Old 03-01-2006, 09:32 PM   #22
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Re: Anyone got an Oil Crystal Ball?

Originally Posted by kjpliny
I see oil going to $200+/barrel over the next decade. The earth is peaking and demand is rising and alternatives are lagging.


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