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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (47209)	3/11/2004 8:51:12 AM
From: Mary Cluney	Read Replies (1) \| Respond to of 74559

<<< What am I supposed to do in the mean time?... Wait? OK, gimme a ring, when that's coming. Or ... er... send me a post dove, if the power is gone.>>> It is not a binary situation. Things are a little more complex that. No one is going turn off a master spigot to stop the flow of oil. When gasoline prices go past $5.00/gal see how fast those windmills and solar panels go up. How long do you think it will take to start up production from oil shale. We do not have a command economy (its a good thing that we don't), but China will probably order the construction of several million windmills to be constructed within 6 months time thus reducing global demand for oil. Since oil distribution is fungible, that will buy us some time to gear up extracting oil from oil shale. How long will it take to switch over to solar panels to run homes on - 1 or 2 years? Learning to read and write and developing a language is far more difficult than to find alternative energy sources. The really difficult stuff has been done. Civilization is not going to end or even slow down because some one has the handle on an oil spigot Of course this is a nutty scenario that is totally unlikely to take place but it is a lot less nutty than some of the doomsday scenario that's been floated. Mary