Subj : Gas Crunch
To   : Deuce
From : Frank
Date : Mon Aug 29 2005 20:56:00

  Re: Gas Crunch
  By: Deuce to Ralph Smole on Mon Aug 29 2005 02:18 pm

 > Canada has enough sitting in the oil sands to provide north america all by
 > itself until at least 2060.  If the US chipped in a few gallons, and Canada
 > continued pumping out of the ground, we're good for another 20 years on top
 > that.

 > Currently demand outstrips supply... that's why the priced are going up...
 > that's how commerce works.

   The US is producing more domestic crude than I thought. Until a year or
   so ago I thought we were almost fully dependant on out side supplies. Have
   you heard how much production is shut in in the Gulf because of the 
   Hurricane? I read on the internet over the weekend it was 350,000 bbl per
   day. I was told today that figure had move upward to nearly a million.

   I never dreamed that much Crude Oil was being produced in the Gulf of 
   Mexico!

   Frank


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