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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: willkm3 who wrote (32375)	9/26/2000 6:34:06 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 54805

On the other hand the article is written by somebody pushing a certain point of view, heedless of evidence. He says that OPEC will only get 2 million bbd out of that 6 million bbd increase from now to 2005. That hardly implies, as he says, that OPEC which now sells more than half of the world's oil will suddenly have its share of the world market reduced to only one third. The real argument that energy prices won't get so high that a global economic crisis happens is because alternative technologies will rush in, hydrogenation of coal, nuclear energy in a revised, safer form, minor sources such as solar, waves, water power and wind, all added to the inevitable drop in energy costs of most operations as science and engineering advance and the economy gets newer and newer. Not to mention increased conservation, e.g. lighter cars, car pools, rapid public mass transportation etc.