I saw a news item yesterday re a Cuban announcement of a huge new
field off Cuba. Gigantic new field. And have seen nothing more. Was
the first one real?
Gene Coyle
On Oct 21, 2008, at 1:40 PM, Jim Devine wrote:
when oil prices were rising, a lot of people were talking about "peak
oil." Now that oil prices are falling, and OPEC is scrambling to fight
that result, I haven't seen that kind of talk. It would be interesting
to do one of those surveys to see if there are oscillations of
references to "peak oil" in newspapers that are correlated with (real)
oil price fluctuations.
I've always been afraid that they were confusing the results of
short-term supply bottlenecks and steeply increasing demand with those
of a fundamental and final running-out of oil supplies. Of course, we
can't know for sure.
The big problem, I think, is that falling oil prices may discourage
conservation efforts, the struggle to replace fossil fuels with clean
ones. That would speed up global warming.
--
Jim Devine / "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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