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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (23634)12/20/2004 9:24:35 PM
From: mishedlo  Respond to of 110194
 
in the near and intermediate terms, i think the prices of oil and oil stocks are much more vulnerable to a decline in demand from severe economic weakness or exogenous events than to a supply glut induced by turkey guts and algae husks.

In neither the near or long term is oil under any threat to turkey guts or algae. In the long term they could be held back (not necessarily under threat) by oil sands and coal tar. I am not enough of an expert to know.

To assume there will NEVER be a long term threat is not wise. Whether or not this one pans out, IMO one will, probably within 10-12 years. That is plenty long enough for you to make a fortune. I have to find that post for you.

Mish



To: Wyätt Gwyön who wrote (23634)12/20/2004 10:21:06 PM
From: Archie Meeties  Read Replies (2) | Respond to of 110194
 
netl.doe.gov

"Today, the U.S. Geological Survey estimates that methane hydrate may, in fact, contain more organic carbon than all the world's coal, oil, and non-hydrate natural gas combined."

Until then, we'll get by. If we grow weary of supporting countries such as Saudi Arabia, Iran, Algeria, etc., we could wage economic war on them through a national conservation program. We a coordinated effort we could put them in the poor house, along with the FSU. There's no reason that their accidental fortune of hydrocarbons should trump our relenetless innovation.