mtfester@netscape.net wrote:

> Eric Takabayashi <etakajp@yahoo.co.jp> wrote:
> > "John W." wrote:
>
> >> Eric Takabayashi <etakajp@yahoo.co.jp> wrote in message news:<3EE70B04.128D174E@yahoo.co.jp>...
>
> >> Of course, it doesn't have to be this way. If the CAFE (sp) standards
> >> were the same across the board, or more even handed (and this is
> >> possible), the US wouldn't be so dependent. Besides, there are other
> >> sources of oil; I remember a story some years ago that said Russian
> >> oil reserves could easily fill our needs.
>
> > Is it cheaper? Are the known reserves as large as those in Saudi Arabia or Iraq?
>
> Nope, but we likely won't need oil for about 700-1000 years on the order
> the Saudis can supply it.

How do you figure that?

http://www.bp.com/downloads/1612/statistical_review.pdf

page 4

> BTW, the Iraqis could put everyone out of the oil export business, if they
> wanted to. They could produce oil for about half of what it costs the Saudis,
> and about 70% of what it costs the Russians.

And how long would that last?