<We breathe it out, so it must be OKThe Oil DrumDrumBeat: May 19, 2006>

117 comments on May IEA Oil Market Report

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MetaMeme on May 18, 2006 - 1:35pm Permalink | Subthread | Parent | Comments top

It seems that everyone is happy to over-analyse this blip.

Some have even decided that Peak Oil is NOT here yet based on this minor blip.

You are simply giving ammunition to the anti-PO crowd through this indecision. It could be exactly the effect the suppliers of the data seek ...

Peak Oil may - or may not - be around the corner ... but we shouldn't overact to the slightest data point.

Let's just wait a couple of months to see a more accurate trend ... whichever way it goes.

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Richard on May 18, 2006 - 8:51pm Permalink | Subthread | Parent | Comments top
You are correct, one data point doesn't tell us much. And PO is a rearview mirror event. So let's hope for the best and prepare for the worst.
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davebygolly on May 18, 2006 - 11:07pm Permalink | Subthread | Parent | Comments top
What are we hoping for? Unless any small amount of extra time we are given is actually used to prepared for what we face, then I'm really sure what to hope for.
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davebygolly on May 18, 2006 - 11:10pm Permalink | Subthread | Parent | Comments top
Ahem, NOT SURE what to hope for!

Quickfingers.

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Richard on May 19, 2006 - 12:00am Permalink | Subthread | Parent | Comments top
One thing more or less in the middle would be high oil prices while PO is still a decade or more away.

How about that?

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