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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pezz who wrote (16158)3/5/2002 6:16:41 AM
From: elmatador  Read Replies (1) of 74559
 
<<Continuing advances in technology can increase the "take" of limited natural resources>>

That's it! Technology have been solving the problem for a while and will continue to do so. Its just a matter of having the financial incentive. The same financial incentive the Chinese have to grow fueled by coal.

Now if you are trying to tell me that energy resources will end in a matter of couple of years because technology was scrapping the bottom of the barrel and don't believe that.

We had an abracadabra called Oil Shock by the importers and Oil Boom by the exporters. It taught the world how to make cars. And that was not for real, that was pulling the wool over the eyes of oil consumers.

Now imagine if energy was really ending what it could do. Lots of people is good: There will be lots of brains to think the problem over.
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