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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (938)	8/30/2005 3:15:32 PM
From: bentway	Respond to of 1183

"Already, one million barrels of petroleum a day are being spun out of the sand and pumped south, and that number is projected to triple within the next decade." I think it's really just a factor of the price of oil. I've been told that production is feasible and profitable as long as the price per barrel is over $50. This isn't the only thing out there. Half the new cars sold in Brazil are "flex-fueled" cars that can run on 100% ethanol to 100% gasoline, and any blend in between. The ethanol comes from Brazilian sugar cane, but could be made from corn or many other plants. detnews.com A country with some real energy leadership.