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

GLD 396.28

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Dec 31 4:00 PM EST

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To: Haim R. Branisteanu who wrote (73473)	4/22/2011 10:55:34 AM
From: maceng2	1 Recommendation Read Replies (1) of 218871

Hi Haim, I have just been reading up a little on abiotic oil. The theory that oil is derived from geological processes rather then simple layers of decayed organic matter. Although there may be some substance in the theory, the fact remains that the formation of oil deposits remains slow while our consumption proceeds at a higher rate. Whatever the theory is true, including (my preference) a mixture of the two theories, the USA is past it's peak in oil production. This suggests another book I should maybe read. amazon.co.uk Regarding oil consumption per person, OK the USA is only using 68 barrels per 1000 persons per day, as opposed to the more flagrant nations like Gibraltar and the Virgin Islands (800+ barrels per 1000 persons per day). Overall numbers count. The USA as 300 million citizens, and that makes a big difference. Likewise if you look at the figure for China, 5.7 barrels per 1000 persons per day and bring that up to say... 20 per cent of the USA figure, I think most would see there is a lot of room for upward movement in consumption. nationmaster.com China is a big country with a big population. I see no logical reason (transport issues, food growing, industrialization) why its per capita oil consumption should be much different from the USA or other industrialized countries. Put those numbers into the oil equation and I think there is reason to see why energy supplies are a focus of attention. For those who think the human population does not effect the wider environment, and that we should not be concerned, I have no comment to make.

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