"Newps" wrote in message
news:Mpsac.41867$K91.110288@attbi_s02...


Alex wrote:
Tom, I can't believe you honestly believe your own comments.

"Tom Sixkiller" wrote

Shell has not once but twice announced
that it has significantly less oil than it thought.

You know, they've had these very complaints ging back over 100 years,
that
we're running out. And somehow...


Are you really trying to say that oil is a renewable resource? That
there's no reason to look for alternatives and that we should all just
relax and mindlessly keep burning oil in our cars and industries?

In the early 1900's either the federal government or maybe it was an
executive from an oil company came out and said we had something like 9
years and 6 months of oil left in the ground. And that was when we
didn't hardly use any oil at all.

Try the 1880's or so when the conversion to petroleum was in full swing.
America's first "Oil Crisis" was WHALE oil, not petroleum.

During the Civil War (shortly after the transition from whale oil to
petroleum, oil was selling for $2.50 a barrel, or about $100 a bbl in todays
$$.

Before that, it was the timber crisis...which made coal mining economically
feasible....which led in part to the whale oil crisis, which lead to the
petro-oil crisis, whcihc led to OPEC, which from the start kept collapsing
after a lot of fist waving.

I'd recommend (for simiplicities sake) "The Doomsday Myth": 10,000 Year of
Economic Crisis" by Maurice & Smithson, and then some of the works of Julian
Simon. I could offer long quotes, but I've NEVER found anyone embroiled in
crisis-mongering that it could sink into (Alex, in this case possibly).


Now we know of more oil in the ground
than the world has used to date. So yes it is not a renewable resource
but it also is not even remotley scarce. Having said that we already
are developing other means of propelling ourselves around. None make
economic sense yet, but eventually they will.

Indeed!! (See above)