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127 comments on DrumBeat: October 22, 2006

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Alfred on October 22, 2006 - 8:31am Permalink | Subthread | Comments top

Hello Everyone,

I would like you all to know that my favourite newspaper - the Financial Times - had a special, 12-page, report on energy on Friday 20th October. The report can be found here I suspect that it is behind a firewall but since I am a subscriber, I am not sure.

In any event, the important thing is that this report mentions "Peak Oil" paragraph

Troubled future: peak oil theorists are warning that the world's oilfields are on the decline and soon will be unable to match our insatiable appetite for energy
I need hardly point out that I cannot see the Wall Street Journal printing anything similar anytime soon.
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Leanan on October 22, 2006 - 10:16am Permalink | Subthread | Parent | Comments top
I think you underestimate the WSJ. Their editorial page is full of wingnuts, but their news section is perhaps the best in the U.S.  They have covered the peak oil issue.

This story appeared on the front page of the WSJ two years ago.

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Kalpa on October 22, 2006 - 12:14pm Permalink | Subthread | Parent | Comments top
This past week the WSJ had a great guest editorial by a Harvard professor presenting his case for a much higher gas tax.  I was sorry that I didn't have time to post it here.
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Calorie on October 22, 2006 - 10:00pm Permalink | Subthread | Parent | Comments top
I agree with Leanan about the WSJ. They are doing a good job covering peak oil on the reporting side. On the op-ed side, the official position of the editors is no peak oil anytime soon. However, that is the position of the unsigned editorialists, not necessarily the columnists and guest writers. I have been seeing occasional op-ed pieces acknowleging, or at least not dismissing, peak oil for at least the last two years. The recent op-ed piece you are referring to was by Greg Mankiw, Chairman of Bush's Council of Economic Advisors from 2003 to 2005. It is on his blog here:

Raise the Gas Tax

One other comment about the WSJ. I am reasonably comfortable that their editorial views do not leak into their reporting. Although I am also a big fan of the New York Times, I can't say that I have the same level of comfort about the reporting vs. opinion separation there.

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Electric Rex on October 22, 2006 - 10:15pm Permalink | Subthread | Parent | Comments top
Many of us would like to see more PO stories in the MSM.  The problem is that the media are concerned with the here and now.  It's just the nature of the beast.  The media asks who, what, where, why, when and how.  They don't ask if, maybe or possibly.  Peak oil to the unknowing is a theory, unproven until it happens and it will remain that way.  Even once PO is five years into the rearview mirror there will still be pundits on CNBC saying we'll get back to where we were.  
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Alfred on October 23, 2006 - 1:33am Permalink | Subthread | Parent | Comments top
I am impressed!
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