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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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Dec 5 4:00 PM EST

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To: pater tenebrarum who wrote (54789)	6/21/2000 1:00:00 AM
From: Stephen	Read Replies (1) of 99985

hb, I have followed this discussion at arms length at best .. so forgive me if I'm out in left field ... but I have been hearing this business about there being no large oil fields left to discover for decades ... over twenty years. From my own limited knowledge, they then discovered North Sea Oil ... and there's supposed to be a real dousy of an oil field off the Argentina coast around the Falkland Islands that would put the North Sea Oil fields to shame. As for the natural enegry resources in Russia, Siberia especially, & China, Africa .... well ... I feel there's more left to discover than we already know about. So ...personally I take these issues with a pinch of salt. Not that I don't believe alternative energy R&D shouldn't be well funded .... I just think the same discussions will be happening another 2 decades on.... without any real impact. Now ...if this post smacks of ignorance ... all I can say is I've read lots of intelligent articles about medical findings & progress, global warming & cyclical ice ages and the like over the last twenty years ... and my conclusion is that much more that is put into print is wrong than is right. It keeps the paid intellectuals in a job and makes everyone else feel good knowing someones actually monitoring these things ... sooooo ... personally ... I'll take a back seat on this one ... I hope this doesn't come across too badly - hey ... my apathy could seemingly be used as an indication of the world at large .... Regards Stephen

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