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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: John Madarasz who wrote (2551)	6/22/2003 3:34:30 AM
From: NOW	Read Replies (1) \| Respond to of 4905

"The point here is that world oil supplies are not some finite constant sum" Well clearly that is not literally true....

To: John Madarasz who wrote (2551)	6/22/2003 9:47:08 AM
From: KyrosL	Read Replies (1) \| Respond to of 4905

His info regarding the Caspian sea oil bonanza is a bit outdated. "In the early nineties the Caspian seemed to be the next Middle East. In 2001 we had 20 out of 25 dry holes that dampened the enthusiasm for the Caspian significantly. In 2001 Kashagan was finally discovered, deemed to be the greatest field in the decade. In 2002 BP and Stat Oil quietly sold their 14% of Kashagan for 800 million dollars. In 2003 British Gas put their 17% on the block for 1.2 billion dollars." fromthewilderness.com

To: John Madarasz who wrote (2551)	6/22/2003 9:55:37 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 4905

John, Be careful with this guy Yergin. He's a crook. He recently was on national television (CNBC) lying about the potential for oil in Iraq and Canada. He downplayed the importance of the easily liftable and light, sweet reserves of Iraq, in order to make the lying thieves of the Bush White House appear less criminal. And then he added a whopper, claiming that Canada had greater reserves of crude oil than does Iraq. This total chicanery was based on a deliberate confusion of ready reserves with ultimately recoverable reserves, and a confusion of light, sweet crude with oil sands! I was astonished that a sophisticated man like Yergin could be so completely and deliberately dishonest. But then, he's a paid whore for GE, NBC and the Republicans. Fortunately, some important voices are starting to call these liars scoundrels and worse: slate.msn.com Caveat emptor, Ray

To: John Madarasz who wrote (2551)	6/22/2003 2:44:47 PM
From: Wyätt Gwyön	Respond to of 4905

hi John, Daniel Yergin from CERA sees that dynamic as being much more complex, and possibly not so certain.... i would like to point out that Yergin, a non-scientist, is not exactly the most highly regarded person in the world by the petroleum geologists concerned about peak oil who rely on science and not fantasy for their arguments. i don't have time to go into detail now, but i would refer you to an excellent article which totally rips apart all of Yergin's arguments. DEBUNKING MAINSTREAM MEDIA'S LIES ABOUT OIL: FTW's Dale Allen Pfeiffer Goes Head to Head With Pulitzer Prize Winner Daniel Yergin fromthewilderness.com this is a subscription site ($35 for a year last i checked) and you may need a subscription to view it. but it may be available elsewhere on the web.