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

To: accountclosed who wrote (37831)	11/30/1998 5:39:00 PM
From: yard_man	Respond to of 132070

sciam.com

To: accountclosed who wrote (37831)	11/30/1998 5:40:00 PM
From: IceShark	Read Replies (1) \| Respond to of 132070

Didn't Scientific American recently publish a report that there were going to be severe shortages early next century? That kinda logic only works when praying for a penny of earnings on an internut stock. Investors in proven industries ask what are you going to do for me next week. -g- Actually, the time value of money is a real problem for anyone related to holding oil reserves. Play a little with the compound discount rate to be applied to a buck 20 years out and you will see a part of what is happening. Regards, Ice

To: accountclosed who wrote (37831)	11/30/1998 5:41:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

AR, There is no question. Oil will be gone by the end of next century. I just hope I don't have to wait that long for my stocks to make money. <G> Scientific American had a piece, as did Barron's. We whould start seeing severe shortages within a year or two, IMHO. Yes, there is more to be found, but it is not as cheap to produce as the easy Opec stuff. And it is not in as generous a quantity in any one spot. There certainly are alternatives, but they cost much more to turn into oil equivalents. We have to see oil roar up in price before anyone takes the alternatives seriously. And it will. MB