Re: Wacko-environs have been doom-sayers about oil since the 70's!!!

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>"Romdinstler Jones" <[EMAIL PROTECTED]> wrote in message
>news:[EMAIL PROTECTED]
>> "Every generation has its taboo, and ours is this: that the resource
>> upon which our lives have been built is running out. We don't talk
>> about it because we cannot imagine it. This is a civilisation in
>> denial."
>>
><snip>
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>Excerpt follows:
>
>http://www.mazeministry.com/resources/books/heartstext/chap07.htm
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>
>THE MUSTARD SEED CONSPIRACY
>
>When Tom Sine's book, The Mustard Seed Conspiracy, was published in 1981, it
>was hailed by U.S. Senator Mark Hatfield of Washington as a book which "lays
>out what the world can expect for the eighties." Tom Sine calls himself a
>"futurist." But for Sine, the future is bleak. He shares Sider's conviction
>that Americans are consuming the Third World to death. In 1981 he wrote:
>
>We have abruptly awakened to a new image of our planet as not only a finite
>but a shrinking pie. Unquestionably the major contributing cause to the
>shrinking of our pie has been the dramatic economic growth of countries in
>the Northern Hemisphere.
>
>Given the North' insatiable appetite for resources, it should surprise no
>one that we are running out. Of course the most prominent dwindling resource
>is oil. It is predicted that the supply will fail to meet demands between
>1985 and 1995.
>
>But how accurate was Sine's prediction? Sine certainly had a receptive
>audience. The United States had just experienced the "oil crisis" of the
>early 1970s. Americans had waited in long lines to fill their cars up with
>gasoline. However, Sine's prediction about oil was dismally incorrect. The
>June 7, 1992 Los Angeles Times reported the following:
>
>In the 1970's, accepted wisdom held that the world would soon be running out
>of oil, and the Organization of Petroleum Exporting Countries would soon
>have a stranglehold on the developed nations as it pushed oil prices ever
>higher. Instead two decades later, oil and gasoline prices, adjusted for
>inflation, are at record lows, and oil reserves are far larger than ever
>anticipated.
>
>A year later the same paper, commenting on the predictions of the 1970s,
>reported the that the doomsayers had said:
>
>Crude oil prices would be sky-high by the 1990s-$60, $80, $100 a barrel-as
>rich foreign oil producers tightened their grip on a fast-dwindling
>resource. Gasoline lines would be the common symbol of a nation starved for
>energy. Crash programs to build more nuclear and alternative power plants,
>and to drill for more domestic oil, would struggle to catch up with booming
>demand.
>
>But 1993 doesn't look at all like that.
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This is 2003.
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>In fact, for the past seven years, crude oil has puttered along at a fraction of 
>those prophesied prices. 
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Never mind the prices  ---  What about the quantity under the ground  ?
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>And with more estimated reserves today than when the embargo began, 
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What are the current estimated reserves  ?
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>the world's oil tiger has become tame-almost a dependable commodity. 
>If anything, oil has reared back to bite those it was expected to best serve.
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>---end
>
>TC
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