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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (64584)	1/6/2003 5:26:42 AM
From: quehubo	Respond to of 281500

Lindy, there is plenty of good reading to convince you that the chances of any more giant fields being found are very slim. There is allot of disappointment today in some of the FSU republics that they are not finding the giant field they hoped for. Try: The Color of Oil, by Michael Economides & The Coming Oil Crises by Colin Campbell. No one knows how this will play out. But the days of gasoline prices similar to todays are growing shorter. Higher prices will impact demand and the peak in production could level off or decline slowly as the realization sets in and prices climb. For some it will be a very serious crises, for the USA if we anticipate things better we are rich enough and have enough resources to continue to thrive. I am already convinced, after four years of solid study on the O&G E&P industry. The same principle is happening today with natural gas that did with oil production in the USA. Visit the EIA data base and see what NG prices are doing.