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

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Dec 30 4:00 PM EST

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To: maceng2 who wrote (73447)	4/22/2011 5:23:51 AM
From: Haim R. Branisteanu	2 Recommendations Read Replies (2) of 218863

The issue of exploiting the deposits of methane hydrates is an issue of allocation of capital and R&D to find the proper venue to extract NG from those deposits. There are huge economic interests against this venue of exploration. Think of the deep water drilling or the new discoveries of Brazil what could be more technological challenging? As to the issue of "peak oil" for sure the easy picking are over in temperate countries. No one knows what lies beneath the surface of the Artic, Greenland, Siberia or Canada. I do not see a big difference in the consumption patterns of energy at current prices. IMHO today energy prices are still not overly expensive on a relative historical basis. Compare the price of an energy unit v. average wages. People do not realize that the increased in wage compensation barely cover the rise of prices. The standard of living increased only because of technology not because of higher wages, and same can be said about the extraction of crude oil or mining of coal. IMHO as long as the sun is shining there will be no shortage of energy at reasonable prices the only question is if our energy for day to day living will continue to be derived from hydrocarbons or coal or other sources more directly related to the sun radiation. It does not matter if you drive an electric car or gasoline powered car as long as his performance is the same. Same applies to heating of homes or industrial processing of almost everything. Therefore IMHO the issue of “Peak Oil” is highly irrelevant, and the excessive rise in energy prices is driven not by demand but by the “scamsters” on WS who make a living from thievery and swindle, and propagate the "implications" of "Peak Oil" theory. First hand example is a project I am trying to get off the ground - using waste from industrial activity. The biggest opponents of this project are no others than International Paper who steadfastly refuses to give me access to their waste and better dump it or just burn it in open air. Net result around $2 to $4 billion a year in energy products are wasted, and this is only from IP waste!!

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