The danger of coal - need SPS

Here's an interesting look at the world oil scene from a very qualified
individual:

http://www.nationalreview.com/nrof_leuffer/leuffer200403230848.asp

>Date: Wed, 24 Mar 2004 00:27:13 -0000
>
> > RE: "Oil and Natural gas will be running out in a few decades and
>the world will then rely essentially on coal for its primary source
>of energy ... "
> > I have supported the SPS ideas since the mid 1970's, so don't
> >miss-understand this. The Saudi's pump less than 1/2 % of their >
>proven reserves per year, and they are not looking for more oil, but
> > surely will find more when they do. That means they can keep
>pumping
>
>That is not what I hear.
>
> > at the current rate for over 200 more years. We may run out of
> >money to pay, but they will not soon be out of oil. There are many
> >good reasons for SPS, so don't base your hopes for SPS on false
> >premises. Jay Huebner
>
>That is certainly what the Saudis would like you to believe. And
>more to the point, what they want their own people to believe. But
>more critical accounts I have read question the accuracy of the
>estimates eminating from Saudi Arabia. There is reason to believe
>they are massively overstating their reserves.
>
>You could be in for a nasty shock a lot sooner than you expect.
>
>Cheers,
>
>Charles R.
>

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