248 comments on DrumBeat: April 25, 2008
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248 comments on DrumBeat: April 25, 2008
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The 2 things that amazed me about the Bloomberg article:
1. They mention peak-oil outright and give its simplified definition.
2. They don't 100% trash peak-oil researchers.
The last line is actually a big statement on a major financial web site.
If Russian production is declining as well, will KSA's "slower growth pace" really help out the world situation.
Step by step...MSM is facing up to some hard, cold facts.
Obviously there is a “silent approval of PO taking place/imminent”, since they state that it (PO) can be Forestalled! Why forestall anything that doesn’t exist nor will happen …?
Also strange from within that article :
Right now WTI is at 118 $ ....and it is early 2008.
Your post Paal caught my eye. 114 by 2015, yet right now in 08 its 118?! Really makes you wonder if these guys worked on this article in a mountain hideaway and then published it before watching the revolving ticker on CNBC to see what oil is actually trading at. Either that, or they work for CERA.
Exactly. I think it would be unrealistic for any of us here to expect the MSM to suddenly have a sea change of opinion and embrace peak oil. Nevertheless, they ARE mentioning it, AND not immediately dismissing it as some sort of nutbar conspiracy theory.
As the term becomes more prevalent in the media I think more inquiring minds will come across it, look into it, and take it seriously (this includes other journalists).
The process is maddeningly slow, but look how long it took AGW to be taken seriously... granted, peak oil theory may be older, but it was in the face of ever-increasing production or deliberate supply shut-ins whereas AGW was slow on the uptake in spite of increasing temps and emissions.
Besides, if the MSM 'got it' who would we make fun of?
What has been quietly accepted (without mentioning it) is that Peak $40 oil has passed. Suncorp said the other day they need a floor of 75-80, none of the proposed non-conventional work at $40. Realistically, you cannot compare "oil" extracted or derived in the future at a cost of e.g. $400 a barrel to today's oil.
It's a process of "Handling the Internalization" of the message.
They cannot come right out and say anything.
How J6P receives the amalgamation of soundbytes and internalizes them IS the task at hand.
It's not so much handling the message as handling the internalization of the message.
Watch how topics come up, watch the EXACT wording used by Expert from the xyz Foundation. (fill xyz in with your fav. Like AEI or Heritage, or or)
In my book, any time peak oil gets mentioned anywhere, no matter how it's framed, is another chance that someone ignorant of the subject may copy and paste the term into Google and eventually find their way here.
I would prefer peak oil be mentioned in a more fair context, but still. I believe MSM has avoided using "peak oil" in lieu of euphamisms for over two years now in order to cloud the topic in the public's mind. Searching for the goldmine of information gets much easier when you know the correct terms upon which to search.