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

To: TobagoJack who wrote (52512)8/21/2004 10:18:10 PM
From: Seeker of Truth  Read Replies (2) | Respond to of 74559
 
Glad to hear the real(?) expert's talk about "alternate fuels". Unfortunately there is no known alternative to oil except coal and the development work to make energy from coal in a nonpolluting way has not yet been done. Estimated cost: ten billion US dollars. Reason why it hasn't been done: it's not patentable, the basic ideas are all old. So it must be done by a nonprofit organization such as a government.



To: TobagoJack who wrote (52512)8/22/2004 7:09:54 AM
From: elmatador  Respond to of 74559
 
Oil in North Sea is dwindling, China's rise and potential over-dependency on Russia. That's why Libya needed to be brought in production, witness how quickly the Lockerbie case was solved. Iraq couldn't be left out and Saddam had to be removed.

High prices will persist? Sure! Without a slack on supplies the market is vulnerable to: unrest, instability and accidents. All three can be created artificially to keep prices high.


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