The Oil Drum: Australia/New Zealand | A Vision Splendid or Selective Myopia: Exploiting the Australia 2020 Summit

39 comments on A Vision Splendid or Selective Myopia: Exploiting the Australia 2020 Summit

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carbonsink on February 7, 2008 - 11:28pm

Stephen Kirchner is having another go at Peak Oilers...
http://www.institutional-economics.com/index.php/section/comments/peak_o...

A group of Peak Oilers put their money where their mouth is...
...
While it’s scary to think the peak oilers have this much money to throw around, their willingness to back their view with an Ehrlich-Simon type bet is praiseworthy. Having said that, the criticism of peak oil does not necessarily turn on specific outcomes for oil production, but on whether a prospective peak in production has any long-term relevance.

Anyone care to comment?

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Big Gav on February 8, 2008 - 4:51am

I can't believe he manually approves registrations - and that it doesn't tell you that registration is compulsory until after you've tried to comment.

Anyway - he's clearly a fool - even little fry like me have bet more than that on (peak driven) oil price rises over the past 4 years - with great success.

The big banks (I think Goldman's in particular) who bought up big in the futures market 4 years ago must have made a fortune.

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Termoil on February 9, 2008 - 1:08am

Reading some of the comments from the WSJ site was instructive and refreshing in understanding some of the deeply ingrained assumptions that exist outside TOD.

Most here would think the ASPO bet a pretty sure thing and it could be a great way to get publicity on the issue. CERA on the other hand is unlikely to respond or will dismiss it as a silly prank not worthy of their corporate status.

Ian Longfield

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