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  • The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
    No matter how high the cost of oil there will be no "demand destruction".

    Just like "food" or "air" or "water", oil has become a "necessity".

    It's like saying if we just raise the price of chemotherapy high enough people will stop getting cancer.

    Aids didn't stop people from having unprotected sex, emphysema does not stop people from smoking cigarettes and high oil prices will not stop people from using it.
    Jun 23 14:22 pm |Rating: 0 0 |Link to Comment
  • The 'Peak Oil' Myth: New Oil Is Plentiful [View article]
    Your very first "fact" is full of "maybes" and "could-bes".

    The rest of the "facts" just confirm that "cheap" - "easy" - oil is behind us. Therefore "confirming" not "refuting" the so called peak oil myth.
    Jun 22 09:54 am |Rating: 0 0 |Link to Comment
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