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Where Have All the Peak Oil Believers Gone?

Totally agree, no one SCREAMS speculation on the downside, but it is investigated when the price rises! It is ALL traders speculating on the recession in the U.S., but there is no investigation to the short side of the trade, in the short term. Oil is a nonrenewable asset and will be fought for from here on throughout history...


On Nov 01 09:55 PM msbpodcast wrote:

> Peak oil have been predicted since 1956 (not a hundred and fifty
> years ago,) by M. K. Hubbert.
>
> Taking how lazily this article was written, by whom and why, makes
> me think that oil reserves most definitely do deplete, (whether you
> think oil come from Dinosaurs [fossil fuels, yeah sure, specially
> off of the continental shelf,] or [more reasonably] from slowly renewing
> abiotic geologic processes.)
>
> What does he think happened to the Pennsylvania oil fields (the pen
> in Penzoil [that made such a wealthy man out of John D. Rockefeller?])
>
>
> Or are they still drawing oil out of the fields in Texas?
>
> Its runs out.
>
> Its a finite resource.
>
> Even if its renewable, the process takes geologically long.
>
> Saying anything else is to fly in the face of reason and to deny
> the history of what has happened with every oil field we've discovered
> and exploited to date.
>
> And the process of discovery is happening further and further off
> shore and the oil fields are smaller and smaller, of less and less
> quality, and will cost more and more to exploit.
>
> Peak oil is real, logical and a way of recognizing that such peaks
> and throughs are how you deal with scarcity in commodity markets.
>
>
> This is a piece of disinformation on a par with the Chinese guard
> standing in the middle of Tiananmen Square claiming that "Nothing
> happen here. Nobody die"" with a smile as phony as the assurances
> of a rutting teenage boy that he'll "only stick it in a little."
>
>
> Somebody needs to rediscover what shame is.

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