Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mistermj who wrote (207023)	10/26/2006 4:59:47 PM
From: jttmab	Respond to of 281500

It is true because there is nearly an infinite supply of human capital, technology, efficiencies and subsitutions to be made over time. You never talk about that half of the equation. Go ahead. Predict what technologies, efficiencies and substitutions will be made and in what years they will be made. ..and thats why Hubbert's predicitions are always wrong. Who is making the right predictions? jttmab

To: mistermj who wrote (207023)	10/26/2006 5:38:11 PM
From: Keith Feral	Read Replies (1) \| Respond to of 281500

The replacement of reserves is not keeping up with the demand for oil, pure and simple. We can oversupply the market in the short term to act like there is not a long term problem, but oil companies are under no obligation to produce reserves at unacceptable returns. Even the coal companies are hacking back production for next year. There is no reason to produce excess reserves.