PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Raymond Duray who wrote (467)	5/6/2005 7:37:25 AM
From: Mahatmabenfoo	Read Replies (2) of 1183

-- Re: Natural gas -- who is nuts? -- Mr. Market seems to siding with Mr. Simmons. :) Please explain. There's really two points here -- - is natural gas peaking, or likely to peak in the next 5 to 10 years (which I believe is what Mr. Simmons believes); and - how will the market react? For the short term I can imagine peak oil and peak gas being positive for commodity companies. Oil and gas prices will go up, and while supplies will less than demand they will still be tremendous. Eventually commodity companies could lose money in fruitless exploration for non-existant reserves, or just lose market price because with lower reserves they're just worth less. But that might be years away. I would not see a rise of oil & gas company stocks as a sign that peak is not here. - Charles

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