more important is oil profits. Large volume can easily be cancelled out by high costs. Jim D
-----Original Message----- From: "Chris Doss" [mailto:[EMAIL PROTECTED] Sent: Mon 3/15/2004 4:26 AM To: [EMAIL PROTECTED] Cc: Subject: Re: [PEN-L] Will the oil run out ? Reflections from a layman Yeah. No. 2 exporter though. All Russian oil profits are from exports. > > The largest average daily producer, but not the largest proven reserves > and not the largest exporter. > > Michael >