Brad,
To draw that parallel you need to include those gold fillings from WW II
camps as well. The problem is not only value as scarcity but value as
commodity.
REH
----- Original Message -----
From: "Brad McCormick, Ed.D." <[EMAIL PROTECTED]>
To: "Ed Weick" <[EMAIL PROTECTED]>
Cc: <[EMAIL PROTECTED]>; "Dennis Paull" <[EMAIL PROTECTED]>
Sent: Saturday, July 21, 2001 6:14 PM
Subject: Re: Political agenda of Kyoto
> Ed Weick wrote:
> [snip]
> > An article in Scientific American a couple of years ago argued that half
of
> > all of the oil in the ground would be used up by 2010, and, given the
rate
> > at which use is increasing, all of it would be used up by 2040. If I
recall
> > what the authors said correctly, all of the natural gas in the ground
would
> > last till late in this century.
> [snip]
>
> I was reading this and rcalled another example of resource
> use.
>
> When the Conquistadores came to the New World, they melted
> down most of the Pre-Columbian gold and silver art for
> bullion.
>
> Might there be uses for oil and natural gas "higher" than
> using them to enable commuters to drive to work
> in Bloatmobile SUVs instead of little Hybrid-Hondas
> (or even, since this is the cyber age, working at home!)?
>
> I know, the market determines value, so obviously the
> "highest" use for oil is SUVs just like the
> highest value for Pre-Columbian art was to melt it
> down for bullion. (There is a secondary market benefit:
> The faster we use the stuff up, the faster it becomes
> a rarity that can fetch scarcity prices:
> In 2100, Sothebys-Park Bernet will auction
> bottles of Chateau Sheik Omar,
> Chateau Teapot Dome, etc. reserve crude oil....)
>
> +\brad mccormick
>
> --
> Let your light so shine before men,
> that they may see your good works.... (Matt 5:16)
>
> Prove all things; hold fast that which is good. (1 Thes 5:21)
>
> <![%THINK;[SGML+APL]]> Brad McCormick, Ed.D. / [EMAIL PROTECTED]
> -----------------------------------------------------------------
> Visit my website ==> http://www.users.cloud9.net/~bradmcc/
