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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: yard_man who wrote (34359)5/26/2003 4:58:54 AM
From: elmatador  Read Replies (2) of 74559
 
Petroleum reserves will last 20 years. Natural gas 30 years.
As the end of the reserves draw near, prices will go up.

Once they start going up, (by about 2015/2017) the alternatives will kick in since they become more competitive. This will extend the reserves a bit longer as the world economy starts using more of the alternatives.
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