Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Art Bechhoefer who wrote (92568)	7/19/2001 11:16:17 AM
From: Sweet Ol	Read Replies (1) \| Respond to of 95453

Art, well reasoned thoughts. I would add one additional dimension to the energy equation - - Depletion. In the last few decades new discoveries have barely kept pace with increased demand. Most of the technological advances have been in increasing production, which accelerates depletion. There are open questions about the actual reserves in the middle east and the old Soviet Union, but over the long haul, 5-20 years, the likelihood of world-wide demand outstripping supply is much better than vice versa. A couple of years ago I travelled around a lot of India. They have a billion people and most of them walk, ride bicycles or animals. Their economy is slowly improving. Each year the demand for cars increases. The same is true of Indonesia and many other third world countries. The demand side of the equation is extremely reliable on a long term basis. The big question is the supply side. Will it keep up? Have you read the Simmons reports? If not, let me know and I will give you the links. He has some interesting information about the long term situation. Best, JRH