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Strategies & Market Trends : MDA - Market Direction Analysis

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To: LLCF who wrote (55256)	6/25/2000 10:56:00 PM
From: Zeev Hed	of 99985

David, I think the highly regarded Sheik is just trying to cut down on the diplomatic pressures. In any event, within five years there is no way that the automotive industry will convert to hydrogen based fuel cells or anything close to it. You need an infrastructure to distribute hydrogen (assuming hydrogen will be the fuel, which I doubt). The reason oil will not go much above the current range is that alternative hydrocarbons (convertible to oil) will become profitable if crude stays above $30, and frankly, those alternatives could last few hundred years, by then, we may not have nukes, but possibly other novel energy sources (it may be hydrogen after all, but not burning it, fusing it <g>). Zeev

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