RE: Oil on NPR

Hi Al,

> -----Original Message-----
> From: asa-owner@lists.calvin.edu
> [mailto:asa-owner@lists.calvin.edu] On Behalf Of Al Koop
> Sent: Tuesday, August 17, 2004 10:18 AM
> To: asa@calvin.edu
> Subject: Oil on NPR
>
>
> As I write this there is a discussion on oil on NPR with a
> guy from the Economist and some professor of government just
> ending. We were assured that we have much more reserves of
> oil now than we did 30 years ago even though we have been
> guzzling it like crazy, and that is because of all our new
> wonderful technology.

The crucial difference I have noted in the diverse opinions is that
those who think we don't have a problem are speaking of reserves. Those
that think we do have a problem are speaking of production rate. No one
is hearing the other side and most people don't understand the
difference or why that difference is important.
Received on Tue Aug 17 19:59:31 2004