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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: koan who wrote (78329)4/25/2008 5:02:23 PM
From: kormac  Read Replies (1) of 116555
 
Koan,

I agree with the oil and natural gas numbers, but with regard to coal, you are way off. The reserve to production ratio dropped from 227 to 147 between 2000 and 2006. That is a 80 year drop in just 6 years. The figures are here in the various editions.

bp.com

Year 1998 1999 2000 2001 2002 2003 2004 2005 2006
R/P 218 230 227 216 204 192 164 155 147

How many 80 year drops are left in these numbers?????

Cheers, K.
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