Out of touch. Out of office.
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Les
#66
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I expect in the short term that oil prices will collapse. There's a whiff over artificially high pricing on a resource although finite is plentiful at the moment. I suspect there's a lot of people jumping on the latest investment bonanza hoping to get rich quick. The economics don't make much sense for a prolonged very high price in oil. It's risen four, fivefold over a very short period of time and this can't be due to demand and supply bottlenecks alone.
Still, on the flipside we'll all be driving more efficient vehicles quite soon, a drastic level of emissions and pollution is always welcome Will be interesting to see a new generation of electric cars, much like the Telsa etc.
Still, on the flipside we'll all be driving more efficient vehicles quite soon, a drastic level of emissions and pollution is always welcome Will be interesting to see a new generation of electric cars, much like the Telsa etc.
#67
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I see where your coming from, in terms of oil in the ground there is pleanty (for the coming decades at least), but the actual capacity to extract that oil to the surface (the day to day supply) is not growing at the present time. In contrast the world is consuming more oil on a day to day basis than ever before. If we could pump more (and opec agreed to it) then the price would fall.
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tonybooth
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27 March 2002 07:20 PM