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

To: Seeker of Truth who wrote (25544)	11/22/2007 2:42:48 AM
From: Maurice Winn	Respond to of 219708

SoT, any time a price is above $0 for something, there is a shortage of it. Me saying there is no shortage of energy isn't meant to be glib, just that there is no limit to the amount available at prices which are quite within the range experienced over the last 30 years. At $100 per barrel, vast amounts of energy become economic. As seen in SI, every man and his dog are investing in oil, gas, uranium and other "Omigodtheworldisrunningoutofoil" ventures. There is a lag between investment and production, so we should not be surprised that there's a spike in oil prices while alternative things come on stream. Eventually, there will be a price war among the competing alternatives and the least efficient will go broke. It's not really different from 1979 and the aftermath. In fact, it seems remarkably similar to me and I was very up close and personal in the fuels and alternatives industry back in those years. It's funny to see people breathlessly going on about "already China is blending methanol into petrol" as though it's a new discovery. Or using animal fats as fuels. And all the rest. Yawn. Heck, they are even getting excited about heavy crudes such as Orinoco bitumens and Athabasca tar. Plus ca change, Mqurice