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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: RocketMan who wrote (39889)2/11/2000 9:39:00 PM
From: Haim R. Branisteanu  Read Replies (3) of 99985
 
RM, all those theories are not substantiated. It has more to do with the miscalculation of oil reserves in certain oil fields.

The whole issue is quite simple - energy from the sun in captured in organic materia, which under certain circumstances is partly transformed in crude oil which we extract.

The only truth to more reserves of oil being "made" it is all true as long as there is organic life (hydrocarbon) on earth which is capturing the sun energy in it's syntesis to grow and reproduce.

The only problem is that producing syntetic oil is costly and present oil reserves mother nature made it for us over many millions of years only that humans will consume it an mere 150 years or thereabout.

BWDIK
Haim
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