2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

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To: Maurice Winn who wrote (9412)	9/18/2006 6:52:24 PM
From: A.J. Mullen	Read Replies (2) of 217654

Honolulu? That doesn't seem to be your sort of place. Stopover on your way home? I think we're pretty close to Hubberts(?) peak. No big new fields. New finds tend to be smaller and more expensive which suggests the lowest hanging fruit has been taken. Oil might drop back, but not to $40 a barrel, which might be where it was when last we spoke about this. I do take your point that as oil goes up, non-carbon based energy becomes more attractive. Methane is a much more effective greenhouse gas than C02. Hopefully that will be burned usefully rather than simply vented as a byproduct of coal or heavy oil production. I'm hopeful that C02 will be sequestered - pumped back into the void created by oil extraction, thereby enhancing extraction of oil -as I'm sure you know. There's a nice synergy. A good thing about oilsands (and gas to oil) is that much of the extra Co2 is produced at the point of extraction, so it's available for sequestration. Ashley

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