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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (29664)	7/10/1998 8:42:00 PM
From: Merritt	Read Replies (1) \| Respond to of 132070

MB: regarding your #3. response to Bruce: When the last run-up in oils took place, the U.S. was booming, Asia was expected to continue its double-digit growth forever, and the dollar was in a steep decline vs the yen. Maybe there have been some fundamental changes.<G> As to the world running out of oil in 40 yrs; I remember a Saudi Sheik saying, in the 70's, that we in the U.S. were ignorant and stupid because the world was going to run out of oil in 25 years. The more things change, the more they stay the same. What with improvements in seismic mapping and extraction methodologies, I doubt anyone knows when we'll run out. We will, that's certain...but I suspect if somebody were to chart the Hubbert curve over the last 30 yrs or so, it would look more like a piece of Christmas ribbon candy, than a curve.<G> Merritt