Re: Value (and values) 35mm - OT bumps ahead... way OT As the price gets higher and higher then it dominates the economy to a greater degree. (Whether the oil comes from the ground or coal...) The world economy is built on very, very, very cheap energy. The US economy most so (25% consumption for 4% of the world population). http://home.entouch.net/dmd/ghawar.htm touches on the secrecy and the facts: Saudi oil production is dropping. I've also read that Venezuela oil production is long past peak. As the price will climb and as China consumes more and has the purchasing power, and to an increasing extend India (growing economy and largely unchecked pop. growth), the price of oil will be bid up rapidly. Hugo Chavez has already made sweetheart deals with China... (VZ is the 3rd or 4th largest supplier of oil to the US). As the price will climb and foreign governments/institutions begin to dump their US debt (further devaluating the US dollar and making it harder to buy increasing priced oil) then: -Suburbs will become too expensive to live in and basically worthless -Southwest cities will become too expensive to keep (eg: Phoenix, Las Vegas) The horizon for the above scenario is approximately 25 years. As to synthesis from coal, yes, that is possible at a high energy loss ratio and at horrific CO2 release. Of course you can sequester the CO2, but that takes enormous energy in itself. Read "The Long Emergeny" -hopefully the author is being a little too harsh but the consequence chain really says: But for the cheap energy of the past 50 - 100 years, planet earth could simply not have this population. As the cheap energy disappears, so will cheap agriculture ... Enjoy your SUV's... Cheers, Alan. -- -- r.p.e.35mm user resource: http://www.aliasimages.com/rpe35mmur.htm -- r.p.d.slr-systems: http://www.aliasimages.com/rpdslrsysur.htm -- [SI] gallery & rulz: http://www.pbase.com/shootin -- e-meil: Remove FreeLunch. Alan Browne
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