<Dmitry Orlov's Book--Reinventing Collapse: The Soviet Example and American Prospects The Oil Drum Is a Net Oil Export Hurricane Hitting the US Gulf Coast?>
<DrumBeat: June 1, 2008 DrumBeat DrumBeat: June 3, 2008>

280 comments on DrumBeat: June 2, 2008

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DaveMart on June 2, 2008 - 10:11am Permalink | Subthread | Parent | Comments top

Maybe. My guess though is that he is talking about a Yergin-like land, where oil would drop back to $10/barrel, but we don't bother because we get so darn good at renewables.
Demand always calls forth supply, and geology is a fantasy, don't you know?

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DaveMart on June 2, 2008 - 10:18am Permalink | Subthread | Parent | Comments top

Looks like he reckons we can force prices back to around $40-50/barrel:

However, are there really no policy changes that could restore the more benign conditions in which oil prices of $40 or $50 were seen as normal?

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280 comments on DrumBeat: June 2, 2008

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