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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (68066)	6/16/2005 2:21:17 PM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

I'm not sure. It seems plausible, but then I think of all the places in the world that are harder to reach, which have not been explored. In addition, I think about the tarsands in the U.S. and Canada which are estimated to have 5 times the amount of oil in them as in all of Saudi Arabia. So I think that we are not at peak production. I think that everything is relative. If oil prices stay this high, then tarsand and other hard to refine and hard to reach oil supplies will be explored. The longer prices stay high, the greater amount of money will be spent on exploration and alternatives. The more money spent on those, the harder oil prices will eventually fall and the longer they will stay depressed. So what I think we are seeing now is a recurring theme similar to what we say in the 80's. What is happening in this decade will lead to very low oil prices in the decade between 2010-2020.