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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Paul Berliner who wrote (2583)	9/12/2000 11:50:00 PM
From: Hawkmoon	Read Replies (1) of 3536

Actually, I think it's pretty clear that what is causing these higher prices is the lack of refinery infrastructure and transportation (since it takes 90 days to move crude from the PG to markets). We have not built any new major refineries in the US in some time, if I'm not mistaken. Every community takes the "not in my backyard" approach, but then they gripe because fuel prices are so high. But one other issue is that the IT age has created tremendous demand for power generation. And I heard somewhere that fully 76% of all new power plants coming on line over the next several years are powered by natural gas. And we are already reaching capacity to transport such quantities rapidly and in volume... again much of this being the responsibility of intolerant govt bureaucracies. I believe that we keep hearing that fossil fuel supply is finite only because the only ones talking about it are the treehuggers at Greenpeace and such. Actually, given the recent discoveries of vast reserves of frozen methane hydrates under the ocean floors (reportedly twice the size of all known hydrocarbon/coal reserves), it is apparent that there is little chance of running out of hydrocarbons in the near future.. But the question of whether or not we should mine these reserves is an entirely different question.. Given the potential ramifications of disturbing these huge frozen beds of methane should they begin to release themselves into the atmosphere spontanueously and uncontrollably... This is a subject that really gives me the willies, as it is entirely plausible that such a release would be catastrophic... Indeed there is evidence that such releases lead to the advanced warming after the most recent ice-age (they have found evidence of tremendous craters on the ocean short off the Norwegian coast where they predict 16 billion tonnes of methane was released). sciam.com Btw, don't you find it amusing how they are trying to make us cut down on ozone production in our vehicles (smog), yet complaining about the lack of in the stratosphere? I suggest we need to fly a bunch of ozone belching aircraft over the poles..... Or better yet... build an Ozone producing plant near the Himalayans where the natural lift of the air currents would carry it into the strastophere... Do it just to get the environmenal wackos to shut up... <VBG> I've always felt that nature has a greater capacity for destroying itself than does anything that man is capable of...

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