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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (52641)	5/13/2000 9:09:00 AM
From: Hawkmoon	Read Replies (4) \| Respond to of 116759

Joan, I may be mistaken, but I seem to have read somewhere that the Mexican debt was paid back already as a result of their guaranteeing their debt against their petroleum exports. As for refining capacity, we certainly are under restrictive production restraints given the political unwillingness to permit new refineries to be built. But higher prices in energy are not true inflation, but only a display of price manipulation by monopolist producers. Do get me wrong here, I'm a big fan of alternative fuels even if they might cost a bit more. They are worth it solely for the sake that they grant our economy a measure of stability. It is the instability of energy prices that are the threat. The whip-sawing of prices that make it near impossible for energy users to efficiently forecast their costs. I personally know of several promising technologies that could reduce US oil consumption by vast amounts, one being an alcohol/gas or diesel blend, using specialized additives to prevent fuel separation. I still have high hopes that these technologies will come to nationwide acceptance. And then there is the gas-to-liquids technologies which turn abundant natural gas reserves into fuels more readily transported to market and used in vehicles. There are substantial untapped reserves of energy lying in wait in tar sands, oil shale... etc, all just waiting for the technological capability and the political will to exploit them. Energy self dependence can readily be achieved, given that our people, and thus, our government leaders, provide it the proper priority. Btw, I haven't even discussed hydrogen fuel cells yet, which seem all the rage amongst daytraders trading in their stocks. Regards, Ron