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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST

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To: goldsnow who wrote (36475)7/4/1999 10:30:00 AM
From: Hawkmoon  Read Replies (5) of 116753
 
Goldsnow,

Are you even reading what Zeev is saying about these massive quantities of trapped natural gas on the North Slope (and in various other parts of the world)????!!!!

GTL, Goldsnow. GTL stands for "Gas to Liquids", or converting gas to a liquid fuel product, diesel, gasoline, or kerosene, through variations on the Fischer-Trousch(sp?) process. This is the same process the Germans used during WWII to convert coal to liquid fuel.

So what Zeev is stating is that with technological capabilities increasing and innovating, it won't require much of an increase in oil prices before alternative/synthetic energy processes become profitable and competitive, thus placing an effective cap on the price of oil.

There is no current shortage of oil and likely won't be one for 30-50 years.

Regards,

Ron
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