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

To: Douglas V. Fant who wrote (32338)	12/2/1998 1:51:00 AM
From: Gottfried	Read Replies (1) \| Respond to of 95453

Doug, speaking of predictive overreaction : Forbes' November 16. issue has an article on Malthusian myths on page 235. It's worth a trip to the library if you can't get your hands on that issue. [it's not on the web site]. Authors are Peter Huber and Mark Mills. They address the various predictions of imminent oil shortages made by prestigious officials, experts and authors in the past. All wrong. The authors maintain that lower oil prices have forced the pace of technological innovation, and innovation in turn has expanded the oil reserves greatly. Gottfried