Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (49385)	4/10/2002 2:09:46 AM
From: brightness00	Read Replies (2) of 99280

Don't ever believe industry estimates on oil availability. They said we'd run out of oil by '27, that is 1927! Hitler should not have had fuel to run his Luftwaffe. Keep in mind that the industry has a vested interest in making oil sound scarece. If it were a truely competitive market, we should be getting $2 a barrel, the production cost of Saudi Arabia, the lowest-cost producer. Alternative energy research only makes sense to the extent that it puts a ceiling on oil price; since we already established that oil is not a competitive market, the thieves and crooks will scheme whichever way, through wars and revolutions if necessary, to jack oil price up to exactly below the price that would make alternative viable. Hydrocarbon is the cheapest source of energy. After all, hydrocarbon is probably one of the most abundent resources in this unverse, right up there with water. H, O, and C are three of the four by-far most common elements in the universe; the fourth being He, which does not react with the other three. There isn't enough O to lock H and C into H2O and CO2.

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