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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (49454)	4/10/2002 12:36:32 PM
From: brightness00	Respond to of 99280

"Not renewable" is a very misleading concept just like "oil reserve." Oil may be non-renewable, but what if 10% of planetary mass turns out to be hydrocarbon? The gas giants not far from here are much more than 10% hydrocarbon by mass. We'd long have moved off the planet before exhausting the hydrocarbon supply, unless the taxations on energy use is raised to such a level as to stifle economic development. As for oil pricing, if Saudi Arabia were divided into five seperate and competing oil producers, nobody else in the world should really be producing oil. The country has more than 100 years of reserve. Perhaps no conspiracy theory is necessary, but there is certainly oligopolistic behavior going on; is it then too much to suggest that the pricing of oil had a lot to do with how much the US allowed the price to go up so that all those despots could buy weapons from us to build up a stockpile around the former USSR, both as a corden and as an advanced weapons cache? In other words, significant amount of indirect tax is levied on the American motorists, besides the explicit gasoline tax. As for commodity price, most industrial commodity are cheaper today than it was 20 years ago. Gold was over $800 an ounce back then.