I'm curious whether "the market" knew in advance of the crashing of other major oil fields, like Cantarell, etc. - if not then the market doesn't know dick. I find it hilarious that humans are dumb enough to believe in the goodness of herd psychology (Popular Delusions and the Madness Of Crowds). The market is dumber than 3 ugly blondes blowing 4 blondes, and no amount of wishing upon a star will replace the one time gift of oil. And that's a good thing, because capitalism (resource rape and pillage) is destroying the fricken planet! Better to take the tough medicine now, then learn to live like we belong in an ecosystem instead of rampaging over it with four-wheel monster trucks. The sooner the endless growth virus dies, the better for the future (or should I say, the less dreadful the future will be).

Ron, I've just come from the cold and turned the computer on for the first time today. Oil is up three bucks. Maybe a few billionaires picked up your article sometime today.

Anyway, please accept my compliments for a well-written and informative posting. You've come a long way from your early days on energyresources, baby! Keep it up.