Oil Reserves.
For those of you older folks, remember the Oil crisis of the 70s, the world would be OUT of Oil in 20 years Tops.

Interestingly today the proven reserves are about 3 times what they were back then, and how much have we consumed in that time. Some of the "new" reserves reflects the ability to get oil out of what were once dying, or dead wells. Most though is new discoveries.

Right now it's really a supply and demand crunch, producing near cappacity, and using just a shade under that. So any little ripple screws up the market.


While I am not a diesel guy, a comment about the BioFuels.
Something on, Future Cars I think, when you burn Bio fuels the pollution drops to almost nothing. In some cases it was nothing, sorry I don't remember the details.


Personally, I am not sold on ethanol. For one we need the corn as food, in one form or another.
Wait till people start complaining about the price of food going through the roof, because al of the corn is being routed to ethanol production.
There are a number of other issue's as well.

__________________
KLK, MCSE

1990 500SL

I was always taught to respect my elders.
I don't have to respect too many people anymore.