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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (133592)8/21/2005 3:50:16 PM
From: quehubo   of 793826
 
Ignorant views about the dire energy straights the USA and the world faces has provided ample opportunity for those who study the fundamentals to profit handsomely. There is still substantial opportunity to profit during this decade.

2/3 of the worlds oil reserves are located very close to where we have our forces in Iraq.

The dont worry be happy let economics take care of things crowd are just plain wrong. It is estimated that it will take 20 years of massive effort and investment to avoid massive economic chaos with the decline of oil production looming. When demand is cut back prices wont be falling back to $10 it will be falling back to some number like $100 a barrel.

There are several billions Asians becoming prosperous and learning to consume energy;

the first light bulb,

TV,

cell phone,

refrigerator,

moped,

small vehicle,

larger home with HVAC

air travel,

etc.

These people will pay whatever it takes and I expect the rest of us will have to learn to consume much less and to pay much more for it.
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