265 comments on DrumBeat: October 6, 2008
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265 comments on DrumBeat: October 6, 2008
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Iran has been talking about peak oil and pushing for higher prices for years. But it's all talk. They need the money from oil production.
But I think if oil starts showing anymore downwarn momentum the other gulf states really will jump on the bandwagon. Especially in light of things like that new giant 1km high tower in Dubai I posted about on the economic thread. How the heck they are going to fund that if oil drops any more?
Marco.
By pumping more oil?
Pump more oil?!? Like that Abiotic stuff they've got growing in their back gardens:-)
I guess they will just have to start getting those casinos, strip bars and drinking establishments ready for the tourists.
On a more serious note: is OPEC suddenly innefectual?
Marco.
Well, before America peaked we had a little thing called the Texas Railroad Comission that had controled the oil price by controlling supply. Once Amrica peaked, they really didn't have a way to control supply anymore and became ineffectual with respect to that.
Once global supplies peak, OPEC is probably in the same boat.
Leanan,
do you have some links of Iran talking about peak oil? I'd like to learn a bit on this.
Don't have any links on hand. They were talking about peak oil back in 2003 and earlier, so many of the news links would be dead by now. They were often dismissed as "just trying to talk up the price of oil."
However, Samsam Bakhtiari was a National Iranian Oil Company official.
May he rest in peace (though I'm afraid he will turn around in his grave)
Peak oil and Bakhtiari's 4 phases of transition
http://www.energybulletin.net/node/19701
Thanks PaulusP and Leanan.
As he appeared in The End of Suburbia
Well Undertow, I've just finished a day and night with electrical engineers in Vancouver about innovative energy and the majority at the table were displaced Iranians.
Now I know why Dr. Bakhtiari settled in Vancouver after leaving Iran. Here he had the support of an academic and professional system of ex-pats.
Iran's loss, our gain - phfff!