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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%4:00 PM EST

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To: koan who wrote (41957)10/29/2008 8:58:56 PM
From: Andeveron5 Recommendations  Read Replies (5) of 217761
 
Peak oil is a myth. There's an ocean of oil underneath the crust that will never be exhausted. The term "fossil fuel" is also a construct of some fevered imagination.

The pseudo scientists who fronted the idea that huge reptiles and plants from millions of years ago turned into "fuel" didn't do their homework. Or they were lazy. They certainly weren't correct.

Guess what happens when you dig a swampy grave and throw a city of dinosaurs and palm trees into it and wait 300 million years?

You don't get oil. You'll get a lot of soggy soup bones and if you're lucky, coconut fossils.

Snowshoe, I believe we have reached peak oil, so oil prices will rise a lot over the next few years as Asia continues to grow.
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