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To: Moominoid who wrote (2132)	7/25/2001 9:41:13 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 12411

Thanks David, Gold believes the hydrocarbon resource is renewing itself as we spin...., and if seriously measured the old wells of Standard Oil will be seen to be increasing. Granted not very fast. <smile> And this increase by todays measure of economically viable recovery costs would make it expensive. I guess the industry only removes about a 3rd of the available oil from any one well. The easy flow stuff...! But new extraction technology is evolving quickly. Combine this renewable resource with strong conservation and he suggests their would be few problems. He also believes the oil producers are wrong in their approach to the price of oil and rather then spiking and increasing they should maintain the price at modest levels and thus sustain their own futures. Gold maintains that high energy costs will only spurn faster growth of non carbon based fuel resources and kill the Saudi's industry in about 50 years. I fully-well expect to have a fuel-cell type electric source with a solar back up sitting on the side of my house within 10 years..., suppling all the electricity I require at a reasonable cost over it's life time. It may even be a magnetic generator unrelated to hydrogen technology. I hope you get your post at Princeton on the economic analysis of carbon sequestration...., Hot Subject these days. I guess Iceland is seriously looking at becoming the first carbon free economy...., another article in the WSJ. >>will they published me too <g><< You scientists are driven to publish<chuckle> and hopefully Nature will pick up on some of your research. My Best, Chip