20-20 Hind sight

Peak Oil Stocks for the Future

You can't have it both ways, Mr. Ellard.

There is a decade lag in developing new oil fields. It takes almost as long for consumption profile to change. If consumers bought only subcompact or alternative fuel vehicles, the national gasoline consumption won't appreciably decline for several years.

I do agree that petroleum prices have to high and stay high for new investments to bite. Let market forces affect both oil production and alter consumption patterns.

The estimated recoverable reserve at ANWR is put at 6 to 10 billion barrels -- roughly a cool trillion dollars. Think about NOT sending a trillion dollars to the Middle East.

C'mon, I have to believe we know how to do "low impact" drilling. Declaring ANWR out of bounds is pure NIMBY. It is ok to drill in the fertile river delta of Nigeria instead? Please explain how the Earth's environment is thus improved.