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

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To: Grommit who wrote (18)11/1/2004 6:38:02 PM
From: SOROS  Read Replies (1) of 1183
 
Thanks for the links. Here's a clip from one of them:

"2. Calculations performed by Dr. James J. MacKenzie of WRI in 1996 illustrate the potential impact of conservation. In 1996, Mackenzie calculated that keeping global oil demand flat at 1995 levels would forestall the production peak by 17 to 39 years, compared to a business-as-usual scenario with 1.5 percent annual increases in global demand."

Right -- "conservation" -- when SUV's fly!

I remain,

SOROS
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