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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.04-0.1%Dec 9 4:00 PM EST

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To: pater tenebrarum who wrote (54794)6/21/2000 10:15:00 AM
From: Sweet Ol  Read Replies (1) of 99985
 
Heinz,

Thank you for that link. I can't really disagree with much that he says. I studied Petroleum Geology and Engineering in collage, but have not practiced it, as I have been in the computer field all my career. He does a very good job of making the issues understandable.

The only caution that I would offer is that historically we have always underestimated reserves, for the reasons he points out. His estimates may be a bit too pessimistic, but at best it just postpones the inevitable.

Another thought that just came to mind is that this may not be a cataclysmic an event as he postulates in his scenario. It is conceivable that a general understanding of the problems, through our improved communications, will cause us to react differently. We may slowly, over a period of time, adjust to the realities of the situation and adapt. The human being is a very adaptable and resourceful animal. I am not being a Pollyanna, thinking that it will be all smooth and easy, but rather suggesting that the cataclysmic ending is not the only rational scenario.

The real question in my mind is how to profit from this knowledge and how best to plan for our personal futures, since there is not much we can do individually to change the world-wide situation.

Best to all,

JH
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