shempmcgurk wrote: > Geologist: Earth has lots and lots of oil > SPOKANE, Wash., Oct. 20 (UPI) -- A University of Washington economic > geologist says there is lots of crude oil left for human use. > > Eric Cheney said Friday in a news release that changing economics, > technological advances and efforts such as recycling and > substitution make the world's mineral resources virtually infinite. > > For instance, oil deposits unreachable 40 years ago can be tapped > using improved technology, and oil once too costly to extract from > tar sands, organic matter or coal is now worth manufacturing. Though > some resources might be costlier now, they still are needed. > > "The most common question I get is, 'When are we going to run out of > oil?' The correct response is, 'Never,'" said Cheney. "It might be a > heck of a lot more expensive than it is now, but there will always > be some oil available at a price, perhaps $10 to $100 a gallon." > > Cheney also said that gasoline prices today, adjusted for inflation, > are about what they were in the early part of the last century. > Current prices seem inordinately high, he said, because crude oil > was at an extremely low price, $10 a barrel, eight years ago and now > fetches around $58 a barrel. Yup, oil for the rich and misery for the poor. Dick Cheney's world for ya.
To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
