

| Subject: | Re: gas prices.. |
| From: | don spence |
| Date: | Thu, 26 Feb 2004 09:57:37 -0700 |
I read the other day from a reliable source, that at the current world wide rate of consumption it would take just 11 years to drain the worlds largest single reserve (Saudia Arabia) if it were the only supply. If everybody drove Vanagons, i'm guessing it would be about than half that. That's the reality folks and Hydrogen fuel cells are not the answer. On Wednesday, February 25, 2004, at 03:47 PM, Automatic digest processor wrote: > Date: Wed, 25 Feb 2004 14:34:49 -0500 > From: "Daniel L. Katz" <katzd54@YAHOO.COM> > Subject: Re: gas prices.. > > on any given day the price of a commodity, such as unleaded gasoline, > is > determined by many factors. perhaps oil companies have been > overcharging > at the pump lately, i don't know. > > nevertheless, consider these facts: > > united states petroleum production peaked in 1970, about 80% of our > original, one time allotment of petroleum has been consumed, and the > point > is being reached where it takes almost as much energy to produce > petroleum > as is derived from the petroleum - this in the face of a population > exploding at better than 1%/y, mainly fueld by mass immigration. > > world petroleum is 50% consumed, the year of peak production will occur > within a few years (so far 2000 has been the peak year, so maybe it has > already past), production will fall rapidly after that, and in just a > few > decades world production will be down to that of just the west in 2003,
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