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To: Hawkmoon who wrote (36483)	7/4/1999 12:03:00 PM
From: goldsnow	Respond to of 116753

No Ron, there is tremendous shortage, masked by collapse of consumption in Soviet Union, Asia and Global Recession.... As for natural Gas exploration, extraction and transport from frigid ground (in any form) it is going to be extraordinary expensive proposition... Thank you for you opinion Regards

To: Hawkmoon who wrote (36483)	7/4/1999 12:22:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116753

''Higher market prices and lower shipping costs have given oil producers more incentive to develop new oil fields,'' the agency said. Nonetheless, the overall long-term decline in crude production is not expected to be reversed because of higher oil prices as aging fields become depleted, according to the agency. Over 12 billion barrels of oil has been produced on the Alaskan North Slope, and the state has about 7 billion barrels of proven crude reserves remaining. Copyright 1999 Reuters Limited. infoseek.go.com

To: Hawkmoon who wrote (36483)	7/4/1999 5:49:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116753

<<So what Zeev is stating is that with technological capabilities increasing and innovating, it won't require much of an increase in oil prices before alternative/synthetic energy processes become profitable and competitive, thus placing an effective cap on the price of oil. There is no current shortage of oil and likely won't be one for 30-50 years.>> OK, 1. Let's just communicate, not fight. 2. You're right, Today we can go from gas to liquid and or return. Have you looked closely at fuel cells? I have, they are perhaps the most exciting "new"(and I know I use that word loosely) power technology in the last 100 years. There are some very big problems, and as with all things some very big trade-offs. They simply are not as efficient* (as a function of horsepower conversion) as the systems they will replace - at this time at least. The reason we will as a society make the change then will be legislated because the lack of pollution. I'm not saying we should(or should not) go that way, just guessing that's the way it will be. Btw, now, to get the levels of efficiency they have gotten, they are using gold connections. Just maybe it is a valid cost to the entire society. * - the cost of electricity provided was listed in news sources as "competitive with many of the utility costs in the US", but was 40% more expensive per KW than ours here. The buses running today with these systems are touted to the media as "on average only a somewhat higher cost of operation over time".

To: Hawkmoon who wrote (36483)	7/4/1999 7:23:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 116753

Ron, Zeev is quite correct in his estimations of huge amounts of convertible gas and solid hydrocarbons in reserves. In Athabasca(norther Canada) there are reserves of tar sands larger than all the arab reserves together, and there are other tar sands here and there. La Brea is one. There are also the trapped methanes and other gases in water based hydrates in the sea. In addition if you mine an old oil field, you get tarry/oily sands and they do that now with CO2 underpressure(makes a liquid that makes the tar/oils pumpable and frees them from the pores of the rocks underground) These cost more than pumping oil, but they do make a lid on OIL. The earth swims in oil/gas reserves. There are potential shortages of gas brought about by the glut of the past few years encouraging neglect of bringing reserves on line. So we have a spot peak and then a subsidence...?, most users have long term contracts and only those who lack them get screwed...which brings on the reserves. The Germans in WW2 did develop methods to make oil from all kinds of inputs, gas/tar/coal/peat and those methods are mature now and ready to use with a few years lead time. The Arabs know this and are diversifying as fast as they can while they have money to do it. If it is not done when the cash runs out, all their trappings will run away and they will become poor again. Bill Bill

To: Hawkmoon who wrote (36483)	7/5/1999 2:33:00 AM
From: long-gone	Read Replies (3) \| Respond to of 116753

Ron, If there is so much natural gas, many of our best gas fields are long ago drilled out, and the best of the rest of the world are so much cheaper, how are there any operations solely in the US(lower 48 at that) showing any profits? Best I can Tell there is NO protection of out domestic gas industry from even Mexico or Canada, much less any where else. There is still money in(some)domestic natural gas production - even in states that border Mexico. When will this situation end?