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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (184993)	4/12/2006 6:26:34 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 281500

<In your detailed financial analysis of Iran's oil behavior, what future price of oil are you using?> 10 barrels of oil per ounce of gold, or energy equivalent [since oil, uranium, gas, photovoltaics, wind, cellulose, coal, are just other measures of energy]. You can use other means of exchange too. In US$2003 that should be about $35 a barrel. Give or take a bit. Keeping oil in the ground in the hope of higher prices in 2050 isn't a very bright idea. Especially since all sorts of alternatives are already economic and people are doing all sorts to switch to other energy sources and ways of saving energy. Also, since Peak People is going to happen soon, which will be the cause of Peak Oil, those alternatives won't gain much ground. Just as they didn't 20 years ago when I spent my days on them [for BP Oil International]. Mqurice