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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (22581)	12/3/2002 12:49:05 AM
From: Step1	Respond to of 36161

LJ, my comments were not very clear. This is a topic that has been debated at length here though so i am reluctant to bring it back. Essentially i also think that we have a lot of oil still left to burn ... so to speak, but we 1- don`t need to get to even 80% finished with supplies to start seeing some serious upheavals in the markets ( past the half way point will do just fine, re: Hubbert`s peak) 2- will have to fight ever more to get our share of it as more and more countries (China especially) are eager to get a fair share 3- are already paying a heavy political price for it I agree that alternatives are hard to come by and that new more efficient ways can be discovered to explore, exploit and use petroleum products and the supplies we already have, all that said though, self sufficiency in energy and food is a nice thing... therefore my comment to the effect that we need to see a lot more research going into alternatives. step1 for the record i have a sprinkling of Canadian oil and gas producers. s1