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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tommaso who wrote (36100)7/24/2005 12:55:48 PM
From: GraceZRead Replies (4) of 306849
 
but human beings have over the last 100 years burned up at least half of the oil obtainable in any way. Oil that took hundreds of millions of years to accumulate.


How much oil did we think was left in 1950, 1960, 1970? How much oil is now left? The only thing increasing faster than energy use is energy resources.

No one knows how much oil the world contains because it isn't worth the expense to calculate it. What you know is the best guess of oil left using the current technologies to obtain it and the current technology using it! When ever in any 100 year period has technology for obtaining resources and using resources those resources not changed beyond the imagination of the engineers who create these various estimates?
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