A short article in the Jan 2002 Wired concerned itself with "World Oil Supply
and Demand." The author of the article, Lia Steakley, cited an EIA model
(Intl. Petroleum Encyclopedia) to predict that there would not be any future
embargoes, because Oil producers outside OPEC would rush to fill the gap, at
OPEC generated prices. She did have a caveat regarding the Far East economies
of China and India becoming more dependent of OPEC oil.
A sweet spot, in the article declares that if oil reaches $27.00 per barrel,
the price of converting natural gas into gasoline becomes attractive. This is
a compelling focus for myself, after reading how much natural gas exists in
and outside US boarders and how it could be used in substitute for petroleum
to manufacture gasoline.
This archive was generated by hypermail 2b30 : Sat May 11 2002 - 17:44:24 MDT