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

To: elmatador who wrote (9222)	9/12/2006 3:57:46 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 219532

ElM, even with Iraq's oil production suppressed, there is plenty of oil and prices are falling. Even $80 a barrel didn't stymie demand, though it did shift a LOT of interest to alternative ways of doing what people want to do without using oil. Back in the 1980s, [you have probably seen me say], a BP colleague and I were discussing geopolitical matters and the price of oil and I commented that a great thing for profits would be a bullet through the middle east. I was not surprised when it happened. People can't help but act out their biases, rules of thumb, and personal interests, even if are not themselves fully aware of their motives. So, I figured that those in control of what happens, decided that happening it was a good idea. Sure enough, profits for the 1990s were phenomenal. Helped along by burgeoning demand from a booming economy powered by the Made in China capitalist boom and the Alan Green$pan-supplied fine financial facilities, turbo-charged by a burgeoning global human population increasingly producing instead of fighting, levitated by the phragmented photon cyberspace revolution which is the biggest event in human history. No, make that biological history. The invention of DNA was a good effort, but nothing compared with the invention of cyberspace. It was like the invention of the cart wheel and cart compared with a magnesium wheel and Ferrari [or whatever they use to make their wheels]. Biology just produced us. I can't even type this without blunders and things wrong all over the place. Our tiny brains can remember almost nothing. Our "thinking" processes are pathetic, based mostly on ignorance and wishful thinking and opting for luck rather than a real plan. Cyberspace is just beginning. The industrial revolution is now only 130 years old and look what that did. Simply staggering compared with the 10,000 years before that. But that was small compared with what has already happened in the magno-electro-photonic computing/cyberspace revolution, which is nothing compared with what's coming. Oil prices falling? Profits falling? OPEC can agree to cut production, or .... hmmm... Iran has been quite annoying lately, Islamic Jihad and all that, and how about the nookular bombs they are building to blow up Noo Yawk and Tel Aviv? They are in the Axis of Evil and it would be a good example to others [such as China and Putin] that they mess with the USA at their peril. China [according to TJ] threatened the USA that if the USA interferes with the dispute between Taiwan and China, it would get a nuclear response. Perhaps they should be told that if they mess with Taiwan, it will get a nuclear response. If Iran is used as an example that should put off others, in the same way Jesus was nailed to a cross as an example of what annoying people can expect if they oppose Rome and traditional human society . Effigies of Jesus nailed are still used around the world as an example to children and others of what you get if you oppose the authorities. Although that isn't supposed to be the message, that is what the message really is. Meanwhile, I expect to see Iran's oil exports dramatically reduced. Not by Iran, but by those opposing their nuclear ambitions. That should help keep prices at a reasonable level, for a while anyway, which will help next quarter's profits, though it will continue to push people towards other sources of energy and ways of saving energy. Even with Iran's oil off the market, the price shouldn't go too high. People will rapidly cut their consumption. It's already so high that people are cutting back quickly. Mqurice