Stories tagged with "michael lynch"

Open Thread for "Peak Oil is 'A Waste of Energy'" NYTimes Article

Posted by Nate Hagens on August 25, 2009 - 10:55am
Topic: Geology/Exploration
Tags: belief systems, michael lynch [list all tags]

Today the NYTimes ran an Op-ed by Michael Lynch once again pointing out the "fallacious thinking behind the concept of Peak Oil."

TheOilDrum staff is considering a rebuttal to this article, though if we go point by point to Mr. Lynch it will be a bit like Monty Python skit, "The Argument Clinic", given he didn't posit many facts. Below the fold are some brief points followed by an open thread for you to deposit your own.



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Whither Oil Prices?

Posted by Dave Cohen on September 18, 2006 - 1:09am
Topic: Demand/Consumption
Tags: james hamilton, michael lynch, oil prices, price bubble, price volatility, risk premium [list all tags]

[editor's note, by Dave Cohen] The closing NYMEX price for the crude oil October 6th contract was $63.33, up 11 cents on the day.

Since early August, oil prices have fallen considerably. From the EIA's latest This Week in Petroleum.

Oil Prices Continue to Drop

In the last 5 weeks, since August 7, oil prices, both for crude oil and petroleum products, have dropped substantially. The price of West Texas Intermediate (WTI) crude oil has fallen from $77 per barrel to below $64 per barrel. Retail gasoline prices have dropped 42 cents per gallon to $2.62 as of September 11, while retail diesel fuel prices, at $2.86 per gallon, are now about 20 cents per gallon lower than they were 5 weeks ago. Will the declines continue, or will they begin to level off and possibly increase later this year?

Let's examine the EIA's timely question. Combined with the Jack-2 Test Well, the dropping prices have served as fodder for those debunking peak oil claims.
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