>[EMAIL PROTECTED] wrote: > I realize that Oil is not Gold, but I think everyone who has a >business investment the dgc's should be aware of this analysis of the oil >situation. > It will have direct bearing on the value of our gold holdings >in the future, . . . >Please read Jim Puplava's analysis: "Powershift - Oil, Money, & War TM" > http://www.financialsense.com/series3/part1.htm
---------------------- Iteresting stuff. I've seen various analyses along these lines before, and they have their strong points of validity. I actually was involved in the presentation/instruction of a basic physics class, that discussed energy & environmental issues, etc. . . that briefly discussed the work of Dr. M. King Hubbert. As an engineer, and as a society with our current level of technical prowess -- hydrocarbons are a pretty silly source of energy; valid only for limited use. Hydrocarbons are much more valuable as chemical ingredients &/or catalysts in the production of materials. There are a multitude of viable, (even better than reliance on hydrocarbons) energy production & distribution options available to a technological culture such as that of the U.S. ; but that's another story. However, as we all know, common sense plays little role in most human affairs -- especially when nation-to-nation relations are in question. The argument of better energy sources aside, and assuming we continue to heavily rely on fossil fuels for the next 3 to 10 decades; the supply senario of fossil fuels is not quite as bleak as presented in the Power Shift article referenced above. What the article above should give a hint about, to the informed and thinking reader, is that investment & opportunity in the hydrocarbon industries will be shifting around. Here's why: 1.) Oil Sands: It is estimated that oil-sand deposits contain enough crude oil to meet world demand for the next several hundred years, and that's just the known deposits. Canada has one of the world's largest, and easily accessable oil sand deposits in the world. And due to technical advances, extraction cost of crude, from oil sands has dropped from around $30 to $50 per barrel (depending on deposit quality) to around $9 per barrel of crude. There are also significant natural gas deposits associated with oil sands as well. 2.) Oil Shale: World deposits could meet world demand for crude several times over for the next hundred years or two. Colorado, and many other areas in the U.S. & Canada have abundant, high quality deposits -- not to mention other areas of the world. Extraction costs are still pretty high for oil shales, but much less than they were 20 years ago, and technical advances continue to improve the state of the art and its cost effectiveness. 3.)Best of all -- It turns out that crude oil is actually a renewable resource. A recent, accidental discovery has revealed that crude oils are a natural waste product of certain types of anerobic bactiria (conversely there are many specie of naturally occuring bacteria that consume hydrocarbon products -- be they from geological deposits, other bacteria, or other wise). What happened is that some biologist was tramping around a salt mash and noticed some oily scum. Thinking there was an oil leak, or spill someplace messing up his beautiful marsh; he took a sample for anaylsys, and set about making inquiries as to possible spills &/or leaks. His anaylsis of the sample, and further tests & culturing of muck from the marsh revealed that the oil was naturally occuring and was produced by several specie of anerobic bacteria. Proper culturing and enhancement of these bacteria in a production environment would give us all the crude oil we ever need, and for a tiny fraction of the cost that is currently necessary. I could go on and on for many pages about developments in the hydrocarbon industries that make alot of the talk of scarcity and political posturing a bunch a phooey (not to mention the even cooler stuff, that is actually more important, in other industries). The real issue is to appreciate the creativity, and power of a free human mind and look for the opportunities that such present. It's time to stop investing in buggy whips! PECB a + ar + ar^2 + ... + ar^(k-1) + ... http://www.two-cents-worth.com/?pecb www.GoldCom.cc --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.