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Pastimes : The California Energy Crisis - Information & Forum

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To: Zeuspaul who wrote (932)	8/23/2001 9:08:43 PM
From: Bearcatbob	Read Replies (3) of 1715

Do you think water should be market priced? A. YES B. NO Yes - of course! Then you will find there is a surplus. Of course a few cotton farmers in the desert may be out of business and a few businesses may move to the great lake states or the Missippi River. As for an oil production decline in the foreseable future - pure BS. The price today is clearly to high. The world is about to swim in oil. OPEC will never hold $25.00. Oil is just starting to flow from the Caspian through Russia and the Black Sea. A true market price of oil today should be about $10.00. If natural gas stays above $3.50 the world will also swim in LNG. Do you think that if you are right that by delaying the disappeance of oil from the world by say 50 years you have done something. A thousand years from now energy will still be abundant and cheap. But then - I do not believe in limits. I believe in science and the great gift of human ingenuity. Where poverty exists in this world is the result of government. The continent of Africa is abundant in resources - and corrupt government. Look to government as the source of trouble - not markets.

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