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

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To: Lucretius who wrote (14363)3/10/1998 10:56:00 PM
From: JGreg  Read Replies (1) of 95453
 
LT, let's assume that at some point in the next 20 yrs. we make a technological break from the gasoline engine. With that out of the equation, what impact will the other goods made from petrol have on the demand? I can't see the demand for oil continuing indefinitely because it's nonrenewable! Of course, if there were such a dramatic change in 10-12 yrs. the world's economy would probably be in chaos.
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