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From a story on MSN tonight:
http://www.msnbc.msn.com/id/25443913
In particular, understand this, from the story:
This is the most realistic look at what's happening in the oil bidness today, and is not propaganda. U.S. Americans need to comprehend what's going on here. We are not, never ever, going to produce our own way out of dependence on oil imports. Never. Ever. The rosiest, most yellow-brick-roadish estimates of produceable oil resources in ANWR are a fraction of what this development will have.
caw
http://www.msnbc.msn.com/id/25443913
In particular, understand this, from the story:
Saudi Arabia plans to produce 9.7 million barrels of oil per day, or 11 percent of the world's total, in July. It is the only nation with significant excess capacity that it could put on the market quickly.
But the kingdom has resisted calls to increase production further, saying financial speculators and the falling dollar are to blame for high oil prices, not a shortage of supply.
This is the most realistic look at what's happening in the oil bidness today, and is not propaganda. U.S. Americans need to comprehend what's going on here. We are not, never ever, going to produce our own way out of dependence on oil imports. Never. Ever. The rosiest, most yellow-brick-roadish estimates of produceable oil resources in ANWR are a fraction of what this development will have.
caw