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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: AltLar who wrote (7584)	1/11/1998 9:11:00 PM
From: Gottfried	Respond to of 95453

Larry, on depletion of oil: I have no idea what the situation is. It may help to read about false predictions by authoritative sources in the past... economist.com. Excerpts: Forecasters of scarcity and doom are not only invariably wrong, they think that being wrong proves them right [snip] In 1865 an influential book by Stanley Jevons argued with equally good logic and equally flawed premises that Britain would run out of coal in a few short years' time. In 1914, the United States Bureau of Mines predicted that American oil reserves would last ten years. In 1939 and again in 1951, the Department of the Interior said American oil would last 13 years. Wrong, wrong, wrong and wrong. I can image people saying in 1951 "the Department of Energy should know".<g> GM