SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.68-4.5%Jan 29 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hawkmoon who wrote (36483)7/4/1999 7:23:00 PM
From: Bill Jackson  Read Replies (1) of 116937
 
Ron, Zeev is quite correct in his estimations of huge amounts of convertible gas and solid hydrocarbons in reserves. In Athabasca(norther Canada) there are reserves of tar sands larger than all the arab reserves together, and there are other tar sands here and there. La Brea is one. There are also the trapped methanes and other gases in water based hydrates in the sea. In addition if you mine an old oil field, you get tarry/oily sands and they do that now with CO2 underpressure(makes a liquid that makes the tar/oils pumpable and frees them from the pores of the rocks underground) These cost more than pumping oil, but they do make a lid on OIL. The earth swims in oil/gas reserves. There are potential shortages of gas brought about by the glut of the past few years encouraging neglect of bringing reserves on line. So we have a spot peak and then a subsidence...?, most users have long term contracts and only those who lack them get screwed...which brings on the reserves.
The Germans in WW2 did develop methods to make oil from all kinds of inputs, gas/tar/coal/peat and those methods are mature now and ready to use with a few years lead time.

The Arabs know this and are diversifying as fast as they can while they have money to do it. If it is not done when the cash runs out, all their trappings will run away and they will become poor again.

Bill
Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News