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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 8 4:00 PM EST
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To: Michael T Currie who wrote (8819)2/24/1998 7:41:00 AM
From: Charles A. King  Read Replies (1) of 13091
 
Mike, thanks for your alternate view of the future of the oil supply industry from an insider's perspective. I think that view is more reasonable as well as reassuring.

I saw a remark from the standpoint of the industry that liquifies natural gas that their industry alone could double the world's oil reserves by making large gas deposits economically available.

I believe that a Florida utility tried to get permission to use the very heavy oil from Venezuela. I don't think they were successful, but I'm sure that in 10 to 20 years that oil source as well as tar sands and liquified natural gas will heavily used.

Even after major supplies of oil begin to deplete, ways can be found to make greater use of such sources as coal for oil substitutes.

Then there are no shortage of other ideas. During the 1970s there were wacky ideas that were seriously considered, at least by some companies. In my industry there was a proposal to build solar arrays in outer space that would gather energy from the sun and beam it to earth by microwave. There was a suggestion that the temperature difference between the upper and lower ocean levels be used in an electricity generating engine. What ever became of all the research that went into developing nuclear fusion as an energy source? I lost track of that many years ago.

I doubt whether anybody can accurately predict such complex developments 20 years in the future.

Charles
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