Forum Archive Index - September 2000

["J M Sutton" <josutton@ihug.co.nz>]

There was a comment this morning that about the middle of this century we'd
be looking towards the end - guess a more serious push will be made towards
finding an alternative method of propulsion- so many rumours for the last 50
years about water, and petrol companies supressing new ideas - development
of fuel from H2O almost an urban legend
----- Original Message -----
From: "Michael Gore" <michgore@i4free.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, September 19, 2000 6:03 PM
Subject: [sharechat] OIL


> Hi Everyone,
> When I was a kid at school in the seventies, I took part in a classroom
> project on oil.  I remember at the time a lot of talk about oil
> resources being finite and would one day run out.  I recall the year
> 2010 being mentioned as the approximate year that this might happen.  Of
> course at the time that seemed like several lifetimes away.  Well surely
> it's true isn't it that oil resources are finite and will one day run
> out?  I've been thinking over the last few weeks that it is surprising
> given all the attention to oil prices that I haven't seen or heard
> anything in the mainstream media concerning when this might occur.  Is
> the price of oil rising simply because OPEC nations won't increase
> output?  Is it possible that current high oil prices might never drop?
> This surely would have huge implications for share prices.  Has anyone
> in this forum seen some sensible estimates of remaining oil resources
> and likelihood of future significant discoveries?  I haven't been
> following energy shares but haven't they been rising as oil prices
> rise?  Maybe they should be falling.  Well I admit I don't know too much
> about it, just curious.      michael
>
>
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