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

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To: russwinter who wrote (21734)	11/13/2004 12:04:44 PM
From: ild	Read Replies (1) of 110194

The Gathering Storm The dean of energy analysts sees a difficult future By CHARLES T. MAXWELL THE ENERGY CRISIS WE ARE IN today is entirely different from the temporary problems we experienced in 1973-74, 1979-86, 1990-91 and 2000. Then, there were political issues: Some nations were willing and able to produce oil for our use and some were not. There was always sufficient worldwide geological capacity to produce additional barrels of crude oil to meet the world's needs. No longer. In the next major energy crisis, that capacity will likely be eroded. So the crisis should have a severe impact, be global in scope, and be difficult to solve. Plainly, it will be unprecedented. What may emerge could well be a restructured world, as well as a restructured oil industry. more... online.barrons.com CHARLES T. MAXWELL is a senior energy analyst at Weeden & Co., in Greenwich, Conn. He has been working in the energy field for 36 years. Full text finance.messages.yahoo.com

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