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Comments on Our Energy Future
by David Shvartsman
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    Oil is infinite.

    "It is obvious that the total amount of petroleum in the rocks underlying the surface ... is large beyond computation." -- Edward Orton, 1888

    Hydrogen is the most common element in the universe and carbon is the fourth most common element in the universe.

    "Oil is a creature of the direct action of common earth forces on common earth materials." -- Wallace E. Pratt
    2008 Jun 06 02:33 AM Reply
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    Yes, oil is finite. However, you have predicated your entire story on the words of an oil investor who personally profits when you print his stories of Peak Oil and demand outstripping supply.

    May I suggest you reference the CEO of Shell Oil who has stated current oil prices have been pushed up by speculation alone, that filled tankers are currently waiting in the Gulf for destinationa and that there are no shortages at the pump.

    So, without huge lines and closed gas stations, do you believe the CEO of Shell or do you believe T Boone Pickens who claims there's a 1.6 million barrel shortfall per day?

    So, quit referencing Pickens, he is the proverbial fox in the chicken coop and he is fleecing all of us.

    2008 Jun 06 09:17 AM Reply
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    youtube.com/watch?v=Sd...
    2008 Jun 06 09:58 AM Reply
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    Excellent column David but it does seem that you are preaching to the clueless.
    2008 Jun 06 11:40 AM Reply
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    Thanks for the article providing additional energy informational sources. An indication education is forever . . . for those willing to learn and maintain an open mind.
    2008 Jun 06 04:36 PM Reply
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    David, I agree with DanS regarding taking Boone Picken's word for it.

    You should read the report titled " Market Manipulation and Federal Enforcement Regimes" by Professor Michael Greenberger who is a law professor at the Univ. of Maryland and who spoke to a Senate Committee on June 3, 2005. Greenberger explains how the CFTC has been negligent in protecting the US consumer from price fixing in the Intercontinental Exchange and the NYMEX and other commodity exchanges around the world. Goldman, Morgan Stanley and other investment banks are part of the scheme.

    I sent a copy of Greenberger's report to Senator Bernie Sanders and I will also mail a hard copy to Senator Bob Casey, D. PA. who represents me. I am fed up with being cheated by OPEC ( a cartel ), the commodity speculators ( maybe Pickens is one of them ) and I will do the best I can to stop it.

    It took some time for Enron to be found guilty of manipulation energy prices. I hope the Congress acts soon to stop what I believe is the biggest ripoff the world has ever seen.
    2008 Jun 08 12:03 PM Reply