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| subject: | Re: Friedman has the answer...not. |
From: John Beckett "Tony Ingenoso" wrote in message news:: > Its not just W - its the bulk of pols. The answer is easy - people vote, > and they love gas hogs. We live in interesting times. I heard a radio interview today with someone who studies the oil business. He believes that it is likely that the world production of oil is now at its peak. In the future, he believes, oil production can only fall (apparently the big oil fields in the middle east are showing signs of age with higher percentages of water and some other technical babble). The interesting point is that you don't need to actually run out of oil before prices sky rocket. All you need is for oil production to fall below oil consumption, or to look as if it might. John --- BBBS/NT v4.01 Flag-5* Origin: Barktopia BBS Site http://HarborWebs.com:8081 (1:379/45) SEEN-BY: 633/267 270 5030/786 @PATH: 379/45 1 633/267 |
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