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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jon Tara who wrote (14671)	5/29/2004 8:57:48 PM
From: justwhatuwant	Read Replies (2) of 110194

<They did agree on one thing: we are running out of oil. > Couple months ago I emailed a geologist friend in Oman about the "running out of oil" issue. Recall that Oman is further along this curve than SA (Oman has experienced serious declines in production starting in 2001). He said as far as he can see "there is TONS of oil left". His emphasis, not mine. So, the latest press and talk on this board about the world running out of oil is just hype. Yes, I guess one day we will pump out that last barrel. But sure as heck not tomorrow or next year. So unless you are investing for your children/grandchildren, I think the subject is irrelevant today. Now, as for current demand/supply imbalances and production capacities, yes, that is something to discuss as it applies to this year and perhaps next year. See Message 20176782 for an article on some OPEC numbers. Lastly,one thing no one has ever mentioned on this board (or any other energy related board at SI) .... Libyan Oil?? Ghaddafi is our friend now. Does he have much oil? How long is it going to take these guys to get production up? If he has lots, what are the numbers?

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