On 1/26/07, John Gulick <[EMAIL PROTECTED]> wrote:
Doug said:
"I'd like to see cheap oil again only to shut up the peak oil types!"
Gulick sez:
Indeed, many a peak oil type is a wingnut, or a gun nut, or a Malthusian
misanthrope, or some other odious and undesirable species... but IMO,
Speaking of peak oil, I went to a talk recently by Mathew Simmons
author of "Twilight in the Desert". He manage to attract a large
audience but there were a few skeptical questions about the recent
(downward) trend in crude prices. Simmons had no good explanation. To
him, any peak-oil skeptic is either biased or "full of it".
He also talked about how trucks far more than cars are massive
consumers of gasoline and blamed it on the globalized economy.
Interestingly there was no mention of environmental issues and of the
role of financial speculators in the oil market - which is perhaps not
surprising because his company markets itself as the "investment
bankers for the energy industry". Fascinating stuff.
-raghu.
ps: I found this video of another Simmons talk on google that looks similar:
http://video.google.com/videoplay?docid=-429585738009344102
