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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (27292)	7/16/2007 9:34:06 AM
From: Grommit	Respond to of 78748

"The findings suggest that, far from being temporary, high energy prices are likely for decades to come." Didn't we know this years ago? The peak oil story hit the front page of the new york times in 2005. And that was after a few years of coverage in second tier and internet publications. p100.ezboard.com Houston investment banker Matthew Simmons... believes the world should be preparing for sharply lower oil production... "We should be preparing for a time when, in 10, 15 or 20 years, oil production is likely to be 40 million barrels a day to 60 million barrels a day, not 120 million," he said.