<DrumBeat: December 27, 2007The Oil DrumDrumBeat: December 28, 2007>

67 comments on This Week in Petroleum (TWIP) 12-27-2007

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garyp on December 27, 2007 - 1:00pm Permalink | Subthread | Comments top

What I can't work out is its fairly obvious from the data that we hit a phase change at the tail end of 2006. Since then its been drifting into another mode - yet whenever the price of oil goes up we get the same old "its due to Iran tensions" or some such old system reasoning.

Why is nobody in the media pointing to the elephant in the room?

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Nate Hagens on December 27, 2007 - 1:04pm Permalink | Subthread | Parent | Comments top

Maybe there are too many elephants. Media can't choose one...or maybe their guns were designed for squirrels and rabbits?

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the_rage on December 27, 2007 - 1:48pm Permalink | Subthread | Parent | Comments top

The media seems to be limited to reporting "AAA gas prices" or gas price forecasts. Anything beyond that goes over their heads (and most of their viewers' heads).

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Jaymax on December 27, 2007 - 6:49pm Permalink | Subthread | Parent | Comments top

A message to the MSM journalists: "It's the geology, stupid"

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xeroid on December 28, 2007 - 6:36am Permalink | Subthread | Parent | Comments top

Actually, I think it's - 'the alternatives can't keep up with the geology'!

Looking at Khebab's charts, the alternatives have been ramping up for a number of years - while the rate of change was low all was well.

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