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

To: elmatador who wrote (54427)	9/3/2009 1:53:49 PM
From: carranza2	Read Replies (6) \| Respond to of 217656

This is easy to answer. Consumption down in OECD. Consumption up in emerging markets. Easy, huh? Unlike you, I think the issue is incredibly complex. There are many, many variables involved in reaching a more specific, less facile, answer. But since you are a self-proclaimed energy czar, perhaps you can answer the following questions without resorting to a 10 second google search which any school child can perform: Why? On what do you base your assumption? And by how much do you think consumption will be up in emerging markets and down in the OECD, as you state? Using what time frame? What is the role of renewables and alternatives in this scenario? What is the role of natural gas? Of coal? Of Canadian bitumen? Of American oil-bearing shale? How will greenhouse gas initiatives affect consumption in both emerging and developed nations? Why don't you deal with supply since you seem to know everything there is to know about oil consumption? The US has all the energy resources it will ever need in the form of natural gas, coal and, if necessary, oil shale. Our supplies of natgas and coal are truly enormous. Ditto Western wind power and the sun. We have not done the necessary to convert but the conversion occur should necessity require it to take place. The only present obstacles IMO are political.