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Re: See you on the dark side of the moon

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  • mike@usinter.net
    Oops. It s millions, not billions. I just cut and pasted it, so it wasn t my mistake :) ... rates ... reserves! ... barrel we ... American ... in
    Message 1 of 4 , Aug 24, 2004
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      Oops. It's millions, not billions. I just cut and pasted it, so it
      wasn't my mistake :)

      --- In methanehydrateclub@yahoogroups.com, "David" <b1blancer1@e...>
      wrote:
      >
      > > If all the oil will be gone in 35 years at current consumption
      rates
      > > then with even a modest growth when will it run out?
      > >
      >
      > When I do the math, I come up with about 1.04 trillion barrels over
      > next 35 years, based upon the 81.18 billion/day consumption rate.
      > That's less than half of the figure you gave for the estimated
      reserves!
      >
      > > When supply and demand forces the price of oil above $100 a
      barrel we
      > > will see a world wide economic depression that dwarfs the
      American
      > > depression of the 1920's.
      >
      > You're assuming that there won't be any new technologies developed
      in
      > the next 35 years, which I don't see as a viable assumption.
      > Necessity is the mother of invention. If and when the price of oil
      > becomes too expensive to be economicially viable, you can bet there
      > will be new technologies.
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