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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: Zeev Hed who wrote (36456)	7/4/1999 9:05:00 AM
From: goldsnow	Read Replies (2) of 116753

Zeev, there is no significant undiscovered oil on earth...All in the ocean...Deep Ocean drilling is extremely expensive and worse it is going into deeper and deeper ocean...Not only consumption will dramatically escalate in Indochina (Sorry India, China, as well as in Indonesia, Pakistan, Vietnam and elsewere) but the cost of extraction would escalate even with new technologies tremendously....Never mind world population growth by 2% a year (over 25% in 10 years) There is tremendous shortage of Oil...so alternative energy is the must...(More likely in many "poor" places nuclear...bringing tremendous danger to the civilisation :(

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