Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: KyrosL who wrote (2676)	6/25/2003 10:44:11 PM
From: GraceZ	Read Replies (4) of 4905

You have to understand that there is a huge vested interest in perpetuating the myth that oil is scarce, in limited supply and that we will run out of it. Imagine if instead it was a case that it was unlikely that most of the oil in the ground today was ever going to have a chance to be turned into money? Suppose you were a country whose biggest asset was oil and you are going along with OPEC and their quotas, taking your allowed billions in dollars every year, thinking well I'll go along because this stuff in the ground is only going to get more expensive, be worth more in the future. Ha! What would happen to that restraint the day there is more than a hint that oil is soon to be obsolete or that it is in far higher supply than anyone originally imagined?

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