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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (113695)	11/18/2008 12:01:11 PM
From: JimisJim	1 Recommendation Read Replies (1) \| Respond to of 206148

Dennis: I tend to agree with you, but let's just play devil's advocate and suppose that oil is not a fossil fuel and is continually created deep in the earth. What if... even if oil/gas is constantly being created deep in the earth, it takes time to "pool" in places that we can get to and produce it... so far in human history what have we observed? We've observed that whatever the source of oil, and regardless of whether it is a finite resource or "renewable" we have demonstrated that we pump it out of the ground faster than we find more -- or faster than more is created and rises to some "pool" where we can get it. Once again, I emphasize that regardless of whether peak oil is true or a myth, the real question is how much oil, wherever it came from, can we find and produce daily -- day in and day out far into the future? The answer is: not as fast as we currently burn it. Production has been flat for 6 years regardless of price. Jim

To: Dennis Roth who wrote (113695)	11/18/2008 2:05:31 PM
From: Andeveron	Read Replies (1) \| Respond to of 206148

Nah, not pseudo science. Just the truth about crude and its availability. Although I've never traveled to Mars or Jupiter, I'm willing to bet there's an ocean of crude within those planets as well. Some truths are easy to discern or are apparent to all. For example, the sky is blue. Other truths are more difficult to uncover but eventually evidence begins to mount that certain myths are just that. Myths. But if the third part of your prediction rests on this theory, >> Peak oil is a myth. There's an ocean of oil underneath the crust that will never be exhausted. << Message 25123072 I'm afraid you're in for a big disappointment. Investment theory based on fraudulent pseudo science will lead to grief.