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Old July 1st 04, 06:32 PM
Chad Irby
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In article ,
"Tamas Feher" wrote:

NO OIL COMPANY WILL BE LEFT BEHIND.


Gee Art; if we went to Iraq to steal their oil as you an
LooneyTunes claim, gas should be $0.29 a gallon by now.


It would be, but the patriotic insurgents blow up the iraqi pipelines
every now and then and kill the collaborants.


Actually, even at maximum current production levels, Iraq just can't
produce that much oil. It will take them at least a decade, at best,
before they can produce enough oil to make a big dent in world oil
prices.

It's funny how many people have *no* idea of how production and prices
interact, or how much oil some countries could realistically produce.

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