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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (21446)	5/3/2008 10:58:50 PM
From: average joe	Read Replies (1) \| Respond to of 36917

Reports on the price of oil historically have been wrong. The theory about peak oil was proffered without several variable being known. 1) How much oil exists. 2) What is the origin of oil. 3) Can new techniques extract more oil from existing rock in depleted fields. High prices will bring about alternative forms of energy unless the democrats are elected and steal money by raising taxes intended for reinvestment. The key word is sustainable and solar panels and wind power are not. The CIBC report is wrong and I bet Mr. Rubin is long on oil.

To: Snowshoe who wrote (21446)	5/4/2008 12:13:09 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 36917

I'll take BP's Statistical Review of World Energy over other sources. Without having to strip out anything or otherwise gerrymander the situation, they showed an increase. Wharfie was wrong. With prices the way they are, it would be surprising if there isn't a decline in production due to a drop in demand. But wait until oil gets back to $30 or $40 a barrel and see what happens. New Zealand has minor hydrocarbons but quite a bit of lignite. Mqurice