<Updating oil price graphsThe Oil DrumMonday Open Thread: The GasBuddy Price Map Edition>

154 comments on An Economist response, or is it a techie Sunday?

Comments can no longer be added to this story.

paperhead on April 23, 2006 - 12:52pm Permalink | Subthread | Parent | Comments top
I agree with your point about "Peak Lite".  To me, it would be less controversial if we concentrated on "demand exceeding supply" rather than the technical "Peak Oil".  Most people can understand "demand exceeds supply" which is probably what is happening now.  We all know we will only know we are at peak after it has happened, anyway.
Right now, the press and public are trying to figure out who to blame for high prices.  We hear "Iran and Nigeria", or "The Big Oil Companies".  If it become well known that China, Japan, and Europe are trying to outbid us for the worlds oil production, and there's not enough to go around, that would sink pretty quick to almost everybody' head.  Once they get that concept, soon to be decreasing production would be a much smaller step.
PH
0
Comments can no longer be added to this story.
PeakPlus on April 24, 2006 - 3:39am Permalink | Subthread | Parent | Comments top
"If it become well known that China, Japan, and Europe are trying to outbid us .... "

This is the exact argument that worked with my father, an old timer in the patch. "As long as China is willing to pay more than we are, prices will continue to explode. It has nothing (little) to do with speculators or Big Oil." And then the warning: "And oil hasn't even peaked yet!"

Ok, in the meantime it probably has.

0
Comments can no longer be added to this story.