X-Message-Number: 24837
From: "Mark Plus" <>
Subject: "Immortality" in the hierarchy of needs
Date: Sat, 16 Oct 2004 16:35:51 -0700

The discussion of late about "immortality" versus mere negligible senescence 
seems strangely oblivious of the emerging basic survival crisis caused by 
Peak Oil. Declining oil supplies demanded a growing world population 
threaten not just our mobility, but our very ability to sustain the current 
systems of healthcare and food production. The trend towards increasingly 
unreliable electricity around the world can be extrapolated to a time in a 
few years when, say, liquid nitrogen and other energy-intensive but 
nonessential commodities will no longer be manufactured, much as American 
chemical companies have had to relinquish the manufacture of nitrogen 
fertilizer because they can no longer afford or acquire the natural gas for 

Manage your risk, not your terror.

Mark Plus


Top oil groups fail to recoup exploration costs
By James Boxell in London

Published: October 10, 2004

The world's biggest oil companies are failing to get value for money when
they explore for new reserves, according to research by Wood Mackenzie, the
energy consultant.

The report shows the commercial value of oil and gas discovered over the
past three years by the 10 largest listed energy groups is running well
below the amount they have spent on exploration.

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