The Oil Drum | Well, could we linearize this, then?

108 comments on Well, could we linearize this, then?

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Colonel Drake on July 17, 2006 - 9:41am

This argument comes up all the time. So-and-so said we peaked when we hadn't.

It is like saying France and Italy are in the world cup final; who will win?

There have been thirty other teams in the tournament. Each team had supporters predicting a victory. Each team was eliminated. All thirty predictions were wrong.

So obviously neither France nor Italy will win.

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Gunga2006 on July 18, 2006 - 8:33am

Most of the analysts that say ,"This is the fifth time we have been warned of peaking oil" are the same guys who said we would never see oil over $50/barrel.
The market is telling us what is happening.

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108 comments on Well, could we linearize this, then?

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“Of all races in an advanced stage of civilization, the American is the least accessible to long views… Always and everywhere in a hurry to get rich, he does not give a thought to remote consequences; he sees only present advantages… He does not remember, he does not feel, he lives in a materialist dream.”

—Moiseide Ostrogorski (1902, 302-303)