Homestead mailing list

["Lynda" <lurine AT softcom.net>]

----- Original Message -----
From: Marie McHarry <mmcharry AT dtnspeed.net>
>
> On second thought, maybe James is confused. I don't believe it's a
> doom-or-gloom position that we are at, or nearly at peak oil for the
world.
> That's a fact; any easily recoverable oil has been found and is being
> pumped, or will be soon. The doom-and-gloom stuff regards speculation
about
> how we'll respond to this unshakable fact.
>
***Ah, this isn't quite accurate.  The reason behind going into Iraq is that
80% of it hasn't had test wells drilled AND in the less than 20% that has,
well over 75% of the wells come in.  It is easy, it simply hasn't been done
because we've been so busy keeping the Iraqis from drilling any new wells
for the last 10 plus years.

How long that will last is anyone's guess but it generally isn't used in any
of the figures that go floating around about when the oil will run out.

In the meantime, some of us aren't holding our collective breath over oil or
the capped natural gas that is sitting out there being held until the price
is the same as gold.  The rest of the world can but, hey, to each their own.

Lynda