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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Gottfried who wrote (13170)3/1/1998 11:09:00 AM
From: Lee Fredrickson  Read Replies (1) of 95453
 
Gottfried,

A couple of Sunday AM reflections.

<It seems in the early part of the century the US government
predicted oil reserves would last just a few more years.>

Now I'm not trying to pick sides here, but I'll bet the latest
exploration efforts, world-wide, have involved a lot more
sophisticated efforts than a handful of bearded, trail-weary
geologists, looking and sniffing for traces of crude on the
surface of the earth, ala the early part of this century.
There could very well be more 'elephants' down there, but
their number is finite and not increasing at a rate that will
help us much.

<Malthus argued with impeccable logic but ...>

I haven't studied Malthus to any great degree, but I think the
jury (of One, i.e. Mom Nature) is still out on over-population.
It seems to me that any world-class problem that we as a species
face can be found to have at least some roots in 'Too Many People.'
The traditional reply...that "Someone will provide" hasn't yet
come up with a proven Provider...starvation is still happening.

Just a bone to gnaw on, of a Sunday in Seattle.

Lee
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