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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 437.26+3.8%Jan 20 4:00 PM EST

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To: Tommaso who wrote (9250)9/13/2006 1:04:10 AM
From: Maurice Winn  Read Replies (1) of 219567
 
Quite right, <oil is refined into products that are burnt up and vanish forever, at least forever in the scale of human existence. Not like gold, or even like copper. You cannot recycle burnt hydrocarbons. So there is always less and less.That discovery in the Gulf cannot even be pumped for five or six years, and only then at great expense. > but a lot of the carbon can be recycled by collected it in El Matador's ethanol agricultural programmes.

Americans are cutting back. Have you not seen the decline in SUV sales. That means SUVs that have been scrapped have been replaced by cute little Lexus hybrids, which use a fraction of a dirty great Hummer's gulping gas guzzler engine.

People will save energy, one way or another. It's not actually very difficult.

There is a vast amount of carbon and hydrocarbon fossil fuel lying around not far below the surface. There's sufficient for 100s of years.

The whole greenhouse gas industry is one of ElM's wayo schemes, and there are swarms of beneficiaries. Al Gore is having a lot of fun with it, strutting around, making movies. There are megabucks flying in all directions and people love those megabucks. If greenhouse gas woes suddenly went away, like the Y2K bug, there would be a LOT of people who would suddenly have nothing to do and who would have to find a new cash flow source, which is usually annoying to do. Especially when it's gushing in the old scheme.

Mqurice

PS: Actually, <No government can legislate oil into existence. > yes they can. Change the tax laws and environmental laws and Resource Management Act laws and hey presto, oil pops into existence [arrives in a tank anyway, which is the same thing as far as a motorist is concerned].
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