Date: Tue, 14 Jun 2005 19:45:38 -0400 From: Malt_Hound <Malt_Houndnospamm*yahoo.com> Subject: Re: 9-7X ?
Dan wrote: > On 6/12/2005 5:16 PM, Shane Almeida wrote: > >> On Sun, 12 Jun 2005 15:04:13 GMT, Johannes wrote: >> >>> Yes it's very odd that at times when oil is running out, the 4x4 cars >>> are becoming popular with the middle classes. >> >> >> >> We've been "running out" of oil for decades. The estimates for how >> many years the oil reserves will last has been nearly constant since >> the 70s. > > > > That's because they have discovered new reserves using new exploration > technology. But the supply is finite and with terrorism on the front > burner for now, oil will stay over $40US for the foreseeable future. > Just think that 5-7 years ago oil was trading at $20US. yeah, and so was just about everything else... -Fred W