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To: David W. Taylor who wrote (59633)	10/1/2000 1:02:50 AM
From: Follies	Read Replies (1) \| Respond to of 99985

Can anyone name someone who foresaw this sudden jump and who wrote about it in print? Gore. I wouldn't necessarily say he foresaw it, but he did say in print that he wanted it.

To: David W. Taylor who wrote (59633)	10/1/2000 2:38:26 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 99985

<<Until a year ago everyone in the entire world was predicting yet lower oil prices. Can anyone name someone who foresaw this sudden jump and who wrote about it in print?>> This guy is probably the nation's foremost consultant on oil and gas demand and depletion issues. He is quoted extensively in the press, and has NUMEROUS publications that propose exactly what you have described. Here's his companies links page, I suggest starting at the bottom. He definitely called it and was quoted on it. The DOE chose to ignore the warnings (admittedly, along with numerous businessmen, financiers, and politicians of both parties to some extent): simmonsco-intl.com I don't have to go far at all for this one: Message 731410

To: David W. Taylor who wrote (59633)	10/1/2000 10:04:38 AM
From: Frank Griffin	Read Replies (2) \| Respond to of 99985

Didn't Gore push for reformulated gasoline? Isn't it much more expensive plus there is only one refinery in the country capable of doing the process? I don't think he got it for the whole country but only for the people in middle America. Doesn't Gore have a conflict as his rhetoric attacks "big oil" yet he is a major stockholder in Occidental Petroleum?

To: David W. Taylor who wrote (59633)	10/1/2000 11:46:11 AM
From: ahhaha	Read Replies (1) \| Respond to of 99985

Message 9423130 Message 9460136

To: David W. Taylor who wrote (59633)	10/1/2000 1:46:25 PM
From: edward miller	Respond to of 99985

If you read this thread and follow links you might learn that many people knowledgeable in the energy sector not only saw this coming OVER TWO YEARS AGO, but pressed the issue in Washington, with no response. Subject 12099 Their predictions are coming true. When crude prices dropped too far, the oil industry had to react to avoid bankruptcy (except the majors, so I am talking about smaller independent E&P companies), so they stopped drilling. As a result, over 100,000 workers in the drilling business lost their jobs, and most left the oil business permanently. Now we have nobody experienced to rapidly increase drilling to meet demand. Even the major oil companies are very reluctant to start any major new drilling because they lost so much money when prices were low that they are unwilling to take the risk of being badly burned again. There is a lot more to it, and of course nothing you hear from the politicians or the media is even close to the truth, especially with the election so near. If you want to read someone who is right on about the oil situation you need to read Colin Campbell's articles on depletion. He has been predicting for years that the world's oil production will peak in 5-10 years from now. I don't have a handy link to his website, but you could get it from that thread if you wanted to learn. On top of this, the OPEC countries are very unhappy with the US at this point because when oil prices were so low that their economies were in shambles the Clinton crew basically told them to "kiss my a$$". Actually they said to "adjust your economies", which really means get by with almost nothing for your oil so we can have it easy. If you read enough comments from the OPEC nations, reading CAREFULLY, you will realize that they are now saying to the West that it is time for YOU TO ADJUST YOUR ECONOMIES. The next 10 years will be absolutely nothing like the last 10 years in the investment world or the political world. Bank on it. This is a direct result of the Clinton Administration's attitude toward OPEC when they were hurting due to very low crude prices. They are angry with the West for the treatment they received, and now that they have pricing power they will get revenge. Don't be fooled by gestures in diplomatic channels or by most public statements. They are very unhappy with the shabby treatment they received only two years ago. If those idiots in Washington had used any sense and bought all the oil they could get at under $15 then the drilling would not have come to a virtual halt. But that would be logical, and it would never fly in Washington. Lastly, one question for you: Considering that the world economy lives on energy, mostly oil, are you really foolish enough to have believed those idiots predicting $5 oil just because the "magic" of market economies will automatically drive commodity prices to almost zero? Some of these writers were saying that there is virtually an infinite supply of oil because oil is being created all the time. Some people will believe anything that fits their need to believe that all will be well in the world forever just because humans are such wonderful beings. They also are great at inventing amazing fantasies. Pardon the sarcasm.