Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange) -- Ignore unavailable to you. Want to Upgrade?

To: Francois H. Gaston who wrote (1830)	3/1/1998 3:21:00 PM
From: Brian P.	Respond to of 2841

Some of you may find the upcoming issue of Scientific American interesting for its comments about the future of the oil industry and in particular the Canadian Industry. sciam.com << QUICK ARTICLE SUMMARIES MARCH 1998 SPECIAL REPORT: PREVENTING THE NEXT OIL CRUNCH Global production of oil from conventional sources is likely to peak and decline permanently during the next decade, according to the most thoughtful analyses. In these articles, industry experts explain why and describe technologies that could cushion against the shock of a new energy crisis. THE END OF CHEAP OIL Colin J. Campbell and Jean H. LaherrŠre Forecasts about the abundance of oil are usually warped by inconsistent definitions of "reserves." In truth, every year for the past two decades the industry has pumped more oil than it has discovered, and production will soon be unable to keep up with rising demand. MINING FOR OIL Richard L. George Tarry sands and shales in Canada alone hold more than 300 billion barrels of petroleum, more than Saudi Arabia's reserves. Some companies can now extract that oil economically, while addressing environmental concerns over open-pit mining. >>