Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (48524)	6/3/2004 3:40:10 PM
From: carranza2	Read Replies (1) \| Respond to of 793964

Our present gas prices have more basis from our refusal to allow refineries to be built, and the special gas mixes demanded, that it does from any shortage of oil. There are lots of refineries elsewhere, in places where they are a lot cheaper to build. According to one source, the present price of oil carries about an $8 terrorism premium. The age of cheap oil will be over in about 5 years, when it will be horribly expensive. When the wolf is at the door is when the massive effort necessary to develop alternative sources will be made, not a minute sooner. It will be disruptive, it will be tough, but it won't be the end of the world. And there will be tons of investment opportunities. We will have political conflicts with the Chinese over oil. They will be a lot more dependent on cheap oil than we are. It's going to be a very interesting decade.