From: Mike Lorrey (mlorrey@yahoo.com)
Date: Mon May 12 2003 - 15:27:40 MDT
--- "Robert J. Bradbury" <bradbury@aeiveos.com> wrote:
>
> On Mon, 12 May 2003, Charles Hixson wrote:
>
> > Can you quantify "many"?
>
> At maximum historic production rates, one gets:
> Iraq: 105-182 yrs (due to reserve quantity questions)
> Saudi Arabia: ~80 yrs
> Russia: ~11 yrs
>
> Obviously the current production rates (and therefore time until
> reserves are depleted) may be lower (longer).
>
> This also does not take into account the increase in demand
> (production) one can anticipate due to economic growth in
> 3rd world contries over the next century.
But what is the cost of production? These figures usually are tied to a
fixed cost of production, what is recoverable at those costs. Is there
some cost range specified?
=====
Mike Lorrey
"Live Free or Die, Death is not the Worst of Evils."
- Gen. John Stark
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