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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (5322)	4/5/2006 5:30:43 AM
From: Maurice Winn	Read Replies (3) \| Respond to of 218697

<How many years road life average do cars have? > Depends on the country. I'm getting out of date, but I guess it's much the same as when I was last involved = about 6 years in Japan and 8 in USA and 12 in New Zealand with varying times elsewhere. Google doubtless has the precise information. Not that more precision matters. Of course you will still see cars all over the place in traffic jam land. When somebody buys a 1.3 litre car instead of a 4 litre SUV, they don't get rid of it quickly. There are 10 year delays in vehicle parc replacement. But 10% is quite a lot each year and people react quicker than 10 years even if they do continue to own the SUV - they can take a bus tomorrow instead of the SUV. Plenty will do that. I didn't say cars have vanished from Toronto. Be reasonable and thoughtful. It's a lot of fun to panic about Peak Oil, but it's not really all that exciting or dramatic. People like to "figure out" such a concept as though that's a big deal. It's not. At some stage, oil production will reach a peak. That's as with all product life cycles. Same as twisted pair telephone connections, wheelbarrow production, horse breeding, and even Peak People. It's nothing new. Oil is so last century. Mqurice

To: Seeker of Truth who wrote (5322)	4/5/2006 1:05:27 PM
From: energyplay	Respond to of 218697

ATPG is a small oil company which expanded their reserves by over 10 times last year. Much of that is risky exploration. phx.corporate-ir.net; Some of that, like what they are doing in Holland, is buying older wells and doing simple re-works to increase production. These are pretty simple reworks that even the poor boys in Texas do with wells that are under producing. Even some Okies have been known to be able to do this. Evidently, that is newsworthy in Northern Europe.