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Gold/Mining/Energy : Oil & Gas Price Economics -- Ignore unavailable to you. Want to Upgrade?

To: rajaggs who wrote (246)	9/8/2000 5:35:49 PM
From: Aggie	Respond to of 350

rajaggs, hello "This stuff from OPEC is going back to the little Dutch boy with his finger in the dyke. He is a true hero and doing great but eventually he himself will need to go to the bathroom." Well, for Pete's sake, tell her to go with him. Regards, Aggie

To: rajaggs who wrote (246)	9/8/2000 6:36:59 PM
From: semi_infinite	Read Replies (2) \| Respond to of 350

Has anybody seen recent estimates of excess production capacity at ARAMCO?? Please post if available and thanks.

To: rajaggs who wrote (246)	9/10/2000 2:48:39 PM
From: kormac	Respond to of 350

Jaggs, Your comment on that of SA oil minister's assumes a few things. Do you think that SA is interested in reduced oil consumption now that they are on the driver's seat. I am in the camp that believes that the world oil production will peak around 2005. In the interim Saudi Arabia determines what the excess or shortfall is in the supply. Saudi Arabia's population has increased about 3-fold during the last 30 years. They need the revenues in order to pay for the social costs of keeping the population calm. How much progress have they made in diversifying their economy during the same period. Not much. Is there any hope that they will do it. No! When the oil runs out, (i.e. the dyke breaks) it is back to the desert in clans as they have lived for the last three thousand years, except for the few that will be living in Zurich or London. Before this is all over US will have invaded Iraq to get hold of the second largest reserve in the world. It will not take much of a pretext to do so, would you agree. Those who have been blaming the US for letting Saddam stay in power forget what use he is to us. By the way, I am not advocating any of this, in fact, I am a bit upset in our leaders who wasted the opportunity to do some good during the last 30 years. This spans essentially most of my professional life, and I could have personally benefited from emphasis on energy issues. I am just calling the situation as I see it. Remember that Nietzche called optimist fools who live on faith. It was his clear-sighted analysis that lead to his pessimism. I would love to see the world act more rationally, but it will not. How much progress have we made in the last 30 years in regard energy use? Some in energy efficiency, but you can see the SUV we drive and the HUGE houses we live in. Energy crisis has not been in the mind of most until this year. Even now most do not want to believe it, nor think about it. With my best, Seppo

To: rajaggs who wrote (246)	9/10/2000 5:05:11 PM
From: Mark Adams	Read Replies (1) \| Respond to of 350

Surely it would be smarter to raise gasoline taxes in the USA and drop taxes on home heating oil, at least for this winter The only way this would make sense, is if it were a part of a larger change to normalize energy taxes based on carbon content. I don't see any reason to subsidize those businesses and individuals who choose to rely on such a polution rich method of heating. For those below the poverty line, existing government programs provide direct aid.