From: Kevin Freels (megaquark@hotmail.com)
Date: Mon Sep 15 2003 - 15:01:09 MDT
It was my understanding that we have plenty of oil buried nebeath our own
land and that we are just using up everyone else's oil to keep from using
our own.
Also, haven't they been saying we are almost out of oil for the past 30
years?
Here's an interesting article stating that some oil basins seem to be
refilling from sources much deeper in the earth suggesting that our current
estimates of the amount of oil available is very low.
http://www.ocsbbs.com/ocsbbs%20news/news/ViewNewsDetail.asp?Id=163
Kevin Freels
----- Original Message -----
From: "Adrian Tymes" <wingcat@pacbell.net>
To: <extropians@extropy.org>
Sent: Friday, September 12, 2003 11:25 PM
Subject: Re: barbie promoted to threat
> --- Charles Hixson <charleshixsn@earthlink.net> wrote:
> > There's a better reason that that. The oil is
> > nearly gone. Current
> > estimates say that 2001 (2000?, 2002?) was probably
> > the highest year for
> > pumping oil from the ground that will ever happen.
> > And getting the
> > first half of the oil out is a lot cheaper than
> > getting the second half
> > of the oil out. So look for oil prices to start
> > climbing fast.
>
> Already disproven, at least the scale. (It's possible
> there may be a minor rise in prices over the next
> several years. But we're talking, worst case, gas
> prices double - after accounting for inflation -
> sometime well after 2010.) Google for the proof, or
> just search this list's archives.
>
> > And that's probably why we invaded the middle east.
> > To buy us a few
> > more years.
>
> The oil was coming out regardless. Maybe a bit more
> will go through US refineries, and the profits will be
> distributed differently, but it would have been in
> circulation above the ground.
>
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