Archived posting to the Leica Users Group, 2008/07/28
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]From: douglas.sharp@gmx.de writes in part: > There very probably isn't going to be any considerable drop in the price > > per barrel ever again.> > The main exploration targets are now on 'higher > branches' in remoter > areas and at previously inaccessible depths > offshore, both on and beyond > the continental shelf and in previously > protected areas of the > environment. (i.e. Alaska (already suffering), > much of Canada (The > Athabasca Tar Sands in Alberta have been in > production for quite a > while,. Although I work in the oil patch in Western Canada I'm not real happy to see oil sands development and mining proceeding at the current rapid pace. People that have worked here for 25 years or more remember well the downsizing and layoffs that occured in the 1980's when prices fell to $10/bbl. That memory, and the current high prices, drive the desire to exploit current mineable oil reserves. Same story wrt to metals including gold and silver. As to pricing, what goes up will come down as economies and people change their energy sources. I believe tha nuclear, wind power, hydro and possibly "clean coal" will replace oil and natural gas consumption as these sources develop further. Greg Lorenzo Calgary, Canada _________________________________________________________________ Keep your kids safer online with Windows Live Family Safety. http://www.windowslive.com/family_safety/overview.html?ocid=TXT_TAGLM_WL_family_safety_072008