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[Rob <becida AT comcast.net>]

At  10/18/2007 07:41 PM,Clansgian AT wmconnect.com wrote:


> >(Gene)Seems to me that OPEC will move to restrain accelerating prices to
> dissuade accelerated research into alternative energy sources.
>
> IF they could.  However if OPEC is at near peak capacity now, as some
> suggest, they can't significanly increase production and therefore 
> have no power to
> restrain anything.  Not only that, OPEC knows full well that all the 
> alternate
> energy in the world doesn't add up to a tiny fraction of the oil 
> used each day.

I couldn't find any 'new' numbers on the OPEC capacity, a year and a 
half old is the best I could find but I think you are right about 
OPEC being able to do anything about the supply these days.

Gene used the (key) word "research". There may not be enough 
alternative energy today but if oil based energy costs enough 
alternative sources will become more affordable.

http://news.excite.com/news/r/000624/19/energy-britain-yamani
Updated 7:19 PM ET June 24, 2000
Ex-Saudi Oil Minister Yamani predicts oil crash
>The Stone Age came to an end not because we had a lack of stones, 
and the oil age will come to an end not because we have a lack of 
oil," Yamani was quoted as saying. <

The days of 'cheap' energy are over...



Rob
becida AT comcast.net