SCovert

Why I'm Not Buying Oil's Recent 'Correction'

To Brian Pursley -
I agree there's good evidence oil came from biomass but not necessarily fossils (ie. dead dinosaurs), but I'm not sure if that'll help us find more of it - or help us to create it any more cheaply. After science proves something, it'll take 10 years before it hits the newspapers and another 10-20 years before it becomes common knowledge.
Now if it IS possible to use biomass, like fields of algae (?) to create oil somehow, that'd set the fuel industry on its ass. Or get the inventor killed by big oil.
The short and/or medium term outlook for oil may indeed be bullish, but in the long run it's dooowwwwnnnn. California already is basically forcing 16000 hauling trucks to switch from gas to natgas.
In another 10 years we'll have books about "Peak Natural Gas" and "Peak Coal".
And so it goes ...
Sunday morning after a big party - am I rambling?