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

To: Tommaso who wrote (9293)	9/14/2006 2:34:31 AM
From: energyplay	Respond to of 219571

I agree - one political class believes that laws can create resources out of thin air, another that "free markets" can do so....some people beleive both. Their viewpoint does have some validity. Many people on this thread can remember when the tar sands were a "distant future" post 2025 option. With a moderate amount of engineering development, and much higher prices, oil from tar sands is a reality. Back in the early 1950s, uranium was seen as VERY scarce. After extensive geological surveying, and large economic incentives, huge uranium resources were discovered in the US, in Canada, and Austrailia. This happened before anyone could push a theory of "peak uranium" ;-) The freeing of natural gas from the Barnett shale, which was the result of a long period of R&D and then the build up experience, is another example. Of course, short term, $2.50 copper doesn't really expand copper production - which is one reason copper is at $3.42. We can make a lot of money by being more reality based, and having a better idea when supply and demand will respond prices.