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

To: Maurice Winn who wrote (56584)	11/27/2004 10:56:36 PM
From: Raymond Duray	Read Replies (4) \| Respond to of 74559

Do you have any facts to back up your assertions? It's quite irritating to read through your pollyannish pontifications and find that there is no there, there. *** Re: At $40 there are still all sorts of altervatives which are economic. Start naming them. *** Re: Saudi Arabia, Iran, Iraq and Russia won't stand for it. They'll boost production, open the spigots and regain market share. I told you that the world is at 99% of available capacity, according to bona fide sources such as the BP Statistical Yearbook, ASPO, Simmons, Intl. and other sources. You gonna wave a magic wand and "open the spigots"? What are you? The Wizard of Oz? Or the Oracle of Auckland? Do you read? tinyurl.com Real experts simply don't find your naive sort of optimism to be credible. Do you think? odac-info.org Think there's something fishy about the zany over-optimistic DOE estimates of world reserves and production capacity? *** Re: Iran isn't messing around with uranium because they think their oil is going to run out any time soon. It's not noocular power they want. It's bombs!! It's yours and George Bush's word against the Iranians. From my perch, the Iranians seem to have more credibility. It would be idiotic for the Iranians to bother to go through the stages of nuclear enrichment and weapon production when they can simply buy an off-the-shelf unit from the Pakistanis or the North Koreans. You seem to have gone off your rocker again, just as you did when the dogs of war were raising your blood before the immoral invasion of Iraq. You feel remorse about that idiotic escapade now, but in the heat of passion in late 2002, you were spouting some equally ludicrous poppycock about Hussein's threat to the world as you are today about the Iranians. How can you be so emotionally unstable? One moment the aggressive Rotweiler, the next the remorseful Cocker Spaniel and now back into Pit Bull mode. I don't get it. Where does honesty, decency and real analysis ever come into your perverted world of disingenuous posturing? *** Re: Orinoco crude oil emulsions are economic at $40 a barrel for oil. So is coal. So what? You can't refine either one of those economically into gasoline, the most important fraction of the distillation process. And you naively disregard the fact that there is no surplus refinery capacity for bitumens, tars and oil sands. *** Re: buying a CDMA cyberphone instead of an airline ticket. At least we are in agreement about this. What percentage of the 500,000 human beings suspended above this planet at any one time are really doing anything worthwhile? It's a damn small percentage, but we really do blow through a few million tons of 'jet A' every year for the sake of folly, vacations and out-of-season fruit. *** Re: We can have continuing economic boom AND a reduction in the price of oil The so-called economic boom in the U.S. is creating five new poor people for every new millionaire: [270,000/1,300,000 = .207] globalpolicy.org washingtonpost.com So for the vast majority of the U.S. population, there is no economic boom. There are hard times, tense times, stressful times. Not a time of joy. You're nuts if you think we can have a booming economy and lowering oil prices. That's simply not reality. It would have been a good prediction in 1950, as oil discoveries in the U.S. soared and there was a surfeit of oil in the rest of the world. But your thinking is dangerously out of touch with today's reality.