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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (34018)	11/23/1999 10:04:00 AM
From: Casaubon	Read Replies (2) \| Respond to of 99985

I read a very interesting article, that oil was not a byproduct of organic matter, but rather was the result of a process which involved trapping of carbon (one of the most abundant elements in the universe and on this planet too!) under certain high pressure circumstances. One might ask why this difference is important, and rightfully so. The reason is this. The standard assumption for a long time was that vegetative (organic) matter was processed to produce hydrocarbon ("fossil") fuels. The report I read went through some analysis to show that the total, cumulative, amount of organic matter that ever existed on the planet would produce orders of magnitude less fossil fuel than is known to exist. Why is this important? The implication is that the assumptions that have been made about the amount of oil on the planet are all wrong. There is far more oil than than once believed possible, because the process that developed during the evolution of the planet was far more ubiquitous than once believed. I once believed that oil was the ultimate investment because it is depleted routinely, and limited in nature. Now, I no longer believe that. I may be wrong, but I won't invest in it. And, as man progresses, oil will play a diminishing role in world economics due to advances in alternative energy sources. I may be off by a life time or two in my estimations of the impact on oil prices though. I have decided to avoid oil. Good Luck!