On 2007-11-21 13:10:00 -0500, Larry said:

Here's the scariest website I know of:
http://kitco.com/LFgif/au1825nyb.gif
Sure glad I'm not dependent on money for fuel....

I understand your sentiment, but I was around in the 70s when it became
legal to own gold again -- and the price bounced to $800/oz on
speculation. The current valuations are simply speculation by the worst
of the pessimists.

As much as I believe oil is (still) priced artificially low --
particularly in the US -- as the cost of that raw material goes up,
alternate sources and alternate power sources will be developed.

Back when I was in school (the late 60s), "they" said we'd run out of
oil about 2000. Now that we've passed that milestone, "they" are saying
we'll run out of oil in about the same time period.

"They" also said at the time that we were heading towards a little ice age....

The problem with such predictions is that they're based upon everything
staying the same and, as we're all aware, the only constant is change.

--
Jere Lull
Tanzer 28 #4 out of Tolchester, MD
Xan's pages: http://web.mac.com/jerelull/iWeb/Xan/
Our BVI trips & tips: http://homepage.mac.com/jerelull/BVI/