Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (13245)	1/11/2002 2:37:53 PM
From: AC Flyer	Read Replies (2) of 74559

>>David, while production of oil might peak in 2010 or 2020, that won't be the end of growth in liquid hydrocarbon fuel for vehicles.<< You know, when I was a teenager back in the early '70s, I read a book called "The Doomsday Book" by one Gordon Rattray Taylor. I still remember the dude's name because what he wrote had such a profound effect on my perception of the future. With the benefit of hindsight, I realize that he was just another scum-sucking, prophet of doom environmentalist. He had me convinced in 1971 that the world would be out of oil by 1990 and I would be pedaling my bicycle to work in an energy-starved Malthusian nightmare. It took me 15 years to see through the socialist-environmentalist complex bullshit that he foisted on my naive and immature mind. Well, Mr. Rattray Taylor was dead wrong and you can guarantee that the current projections of world oil reserves are also dead wrong. We will find out that the Antarctic continent (or Siberia, or whatever) is literally floating on an ocean of oil.

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