 | The needs and use of water for power, industrial plants and people | The Oil Drum | DrumBeat: November 7, 2007 |  |
121 comments on Energy and Environment News Updates (and an open thread as Tapis JUST HIT $100!--see comments!)
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121 comments on Energy and Environment News Updates (and an open thread as Tapis JUST HIT $100!--see comments!)
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| Show without comments | PDF version
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I think the oil supply over the next 6-8 months will tell us a lot. No way at these prices people will be holding back regardless of what they say.
I've been checking the futures chain lately. Looking for contango while prices are rising. It looks like it's here. There is backwardation until September 2010 then starting November 2010 the future prices start rising. I've been watching for this because I feel it means that people in the energy and finance world are starting to clue in. It will be interesting to see if this pattern persists.
check it out here
Tim Morrison
Peak oil, global warming, and economic collapse are not the problems, they are the result of the problem. The problem is a collective action problem and an inability to make good long term plans.
"Our ignorance is not so vast as our failure to use what we know." -- M. King Hubbert