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

To: Haim R. Branisteanu who wrote (59166)	9/19/2000 9:12:56 PM
From: Xpiderman	Read Replies (2) \| Respond to of 99985

No Need to Panic over Oil Prices: Don't Believe the Politicians' Rhetoric ... First, the belief that the oil fields are running dry is nonsense. Proven reserves (that is, oil that can tapped and marketed today at a profit) are 15 times larger today than they were in 1948. Moreover, given present consumption levels, the Energy Information Administration reports that oil fields could last another 230 years before running dry and that unconventional petroleum sources (tar sands, shale, and the like) could meet present demands for an additional 580 years. ... Message 14413905