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To: Archie Meeties who wrote (16568)3/10/2003 8:39:38 PM
From: Wyätt Gwyön  Respond to of 78986
 
The next push of course will be ANWR and opening up other areas for exploration

these things are just stopgaps. there are no significant unexplored areas in the world. the nearest thing is the south china sea, where E&P has been delayed due to political issues (multiple claims to territorial rights). but even this area, if it turns out favorably, will be just a drop in the bucket. not even a Kuwait. ANWR is ROFLMAO even without the treehuggers.

at the best, such stopgaps might change whether production peaks in 2003 or 2005, but by 2015 it won't make a difference. there is just not enough left to be discovered, relative to the depletion taking place and the demand coming online. alternative energies will not be ready for prime time soon enough to avoid a crisis with no pleasant resolution.

higher oil prices and reduced economic activity seem near certainties.

we should be grateful to the hundreds of millions of years of dead biomatter for bequeathing to humanity a 100-year gift of petroleum energy. this enabled industrialization and modernization. but we have to recognize that this gift will be coming to an end and deal with the consequences.