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173 comments on DrumBeat: March 5, 2007

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UTAH on March 5, 2007 - 12:34pm Permalink | Subthread | Parent | Comments top

WT,
Your triangle makes even more sense if you re-phrase #2: MSM that sells consumers to #1. If the consumer even thinks that suburban MacMansion or GM Suburbans might be a poor investment, advertising revenues will shrink, and our celebrity 'news' people might have to find real jobs. The extent to which they stifle debate is telling. Just look at the post below of the article from today's NYT. Peak Oilers are confined to the lunatic fringe and it is obvious that petroleum supplies are limitless.

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Loomis on March 5, 2007 - 1:56pm Permalink | Subthread | Parent | Comments top

That NYT article was placed on the front page of today's Providence (RI) Journal and featured the sub-headline "With higher prices in effect, oil producers find that old fields may be the best fields". Yeah, just gotta love those old fields, I'm sure we can count on them to meet the world's future demand growth...unbelievable.

The PROJO is owned by Belo Inc., based in Dallas, TX. Iron Triangle in action IMHO; after reading this tripe I finally convinced my wife to drop our subscription to this rag. Does anyone know if the Dallas Morning News has the NYT article up on the front page?

The thing I found most preposterous in the article was this gem: "CERA....estimated that the total base of recoverable oil was 4.8 trillion barrels. That higher estimate - which CERA says will probably grow...."

4.8 trillion and growing, that's all you need to know folks. Nothing to see here, business as usual - party on!

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BrianT on March 5, 2007 - 2:11pm Permalink | Subthread | Parent | Comments top

Loomis: I am sure you are aware of this, but it is not just the subject of oil depletion. Literally ANY subject that one takes an interest in and starts to research leads to the realization that the MSM is not stating the truth (whether intentional or accidental). Peak oil is not being treated differently by the MSM (including the NYT) than any other subject.People forget that the Times was a major cheerleader for the spooky WMD that would turn America into a smoldering cauldron.

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oldhippie on March 5, 2007 - 3:17pm Permalink | Subthread | Parent | Comments top

A further note on, I think, the same track
Those who were wrong about WMD, wrong about invading Iraq, really wrong about everything, suffer no consequences, keep their sinecures, get ink and airtime. Those who are and have been right about WMD, this foolish war, NAFTA, whatever, those who are right are still consigned to outer darkness.
Being right about peak oil is not going to help anyone. Being wrong about peak oil or oil prices will never hurt CERA.

One small exception to the above; Barack Obama was at least partially right about Iraq and was very wise to be right very very quietly.

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cycling in hollywood on March 5, 2007 - 11:06pm Permalink | Subthread | Parent | Comments top

Of course the media distort the truth -- the US media serve only the profit motive (this is how we've set it up), the truth is beside the point isn't it?

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neutrino23 on March 6, 2007 - 3:07am Permalink | Subthread | Parent | Comments top

Amen. Pollution, over fishing, over logging, etc. Anything that threatens large businesses will be attacked by them tooth and nail.

This was an interesting article. Without citing proof they kept raising the possible reserves. Starting with an already high estimate of 250 billion barrels in Saudi Arabia Mr. Saleri confides that the real amount is nearly three times that much and he "wouldn't be surprised" if the actual number turned out to be 1 trillion barrels. You'd think that after all these years they'd have a better handle on this.

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173 comments on DrumBeat: March 5, 2007

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