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NOWHERE_OIL

                                           October 30, 2001
Kunstler evidentally hasn't heard
that betting on resource shortages        GOLD
has been a losing game:

   "The known global reserves of
   petroleum are expected to
   last roughly another thirty                    (No source cited.)
   years." p. 111
                                                       PEAKED
Almost 10 years later, what's the figure?
Do we have 20 years to go, or has it
miraculously stayed at around thirty?
Because that's the usual pattern of these
imminent resource shortage predictions...


   Notably, Jane Jacobs is smarter
   than he is in this respect.

   A few of her comments to Kunstler
   in an interview conducted by him:


     JJ: Well, you see all my life I have been hearing
         that the oil was going to run out. It never
         happens. They keep discovering new oil
         fields. The world is apparently floating in
         oil fields.

     JJ: I basically don't think that the way we do
         things is that dependent on one resource,
         such as oil. There can be different kinds of
         engines for cars.  ...

             [ref]



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