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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (90988)	5/16/2001 9:05:39 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Hey! You didn't read my links! I'm mostly out (at a good profit).. A huge amount of njatural gas production from smaller companies is coming on line and driving down prices.

To: Knighty Tin who wrote (90988)	5/17/2001 11:52:53 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

Message 15812097 John D. "Jack" Edwards, former chief geologist of Shell Oil and an adjunct professor of geological sciences at CU-Boulder, outlined his projections of the world's future energy supplies before the staff of the Senate Energy and Natural Resources Committee. Albert A. Bartlett, professor emeritus of physics, spoke about the need for conservation before the Subcommittee on Energy of the House Science Committee. "We have a problem and we need to do something about it," said Edwards, who spent 37 years in the oil industry before joining the CU faculty in 1992. The major factors facing the United State's energy supplies during the coming century include population growth, particularly in developing nations, and increasing demand for fossil fuels in developing countries due to industrialization, Edwards said. Sometime between 2020 and 2040 the world's demand for oil will outstrip supply, Edwards estimates. "By the time 2030 comes we're going to be competing with everyone else in the world for oil -- and that's when the oil price will jump," he said. Bartlett, an award-winning teacher who has given his celebrated lecture on "Arithmetic, Population and Energy" 1,412 times since 1969, estimates that peak world oil production could occur as early as 2004. Oil consumption in the United States is 25 barrels per person per year, Edwards said, the highest in the world. People in other developed countries consume an average of 14.3 barrels and those in developing countries consume 1.9 barrels. Because 98 percent of the world's population growth is occurring in developing countries, rising oil consumption in these nations will have an enormous impact, he noted.