As far as I know the US reserve only has 570 million barrels of oil on hand.
It only has a capacity of 700 million barrels. The US currently consumes 19
million barrels of oil a day. At that rate we would only have oil for 30
days at minimum and 36 days maximum. I don't think that is the answer. I
have heard that they have found a rather large oil field in Khazakstan that
could make OPEC look very small. Who knows what will happen.
Chris Oertell
Arcadia, Ca
coertell@earthlink.net
http://home.earthlink.net/~coertell
Coming Soon!! DodgeTruckOnline.com
1998 Dodge Dakota Sport V6 Regular Cab Emerald Green
1989 Kawasaki EX500
AOL IM--coertell73
ICQ #--19870422
----- Original Message -----
From: <AWyseGuy@aol.com>
To: <dakota-truck@buffnet.net>
Sent: Saturday, September 16, 2000 7:33 PM
Subject: Re: DML: Good news on Power Wagon
> In a message dated 9/16/00 1:02:34 PM Central Daylight Time,
rap777@juno.com
> writes:
>
>
> << The depressing fact to me is that after so many years of dull, lifeless
> vehicles compared to the late sixties, there has suddenly been a
> groundswell of performance vehicles with each manufacturer trying to
> "out-muscle" the other. Now, here comes the oil industry again attempting
> to spoil the party. Yesterday there were reports out that oil could hit
> $40 a barrel by this winter. I am not totally dismayed by this report as
> it is part sensationalism and part opportunism and I also realize that
> higher prices lead to more exploration and production from wells that
> were considered marginal at lower market prices for crude thereby making
> more oil available and a greater supply, etc., etc.
>
> I guess what does bother me is that the high prices for oil will have a
> negative effect on the current trend to higher performance and more
> power. It tool the industry a long time to get over the fuel "shortage"
> of the early seventies.
> >>
>
> Too bad we can't just get someone ease up and let some of the reserves out
so
> the price could go back down. Why buy it when we have plenty of our own
> sitting around waiting to be used.
> Aaron
>
This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 11:54:37 EDT