The Oil Drum

Hmm! Maybe the next book review I’ll do will be “The Boy’s King Arthur.” Well actually, given the controversy about him (he was a Celt and they ultimately lost – after he died - so he has been relegated to mythical status. The winners write the history books), perhaps that might not be such a good idea. I recently looked at an NRC survey showing the classes of disciplines at a University and while history had more than 8 subdivisions as I remember, there was no mention of energy per se, or most of the energy production disciplines – so just imagine the columns of controversy I might generate. But it also speaks, by itself, to how important certain issues are ranked in the corridors of the mighty.

So let’s get back to the status of the world of oil. And while, as one of the recent conferees noted, the public thinks that, since prices having dropped back “we survived the energy crisis,” sadly the world picture is really getting worse. Sometimes, when I have looked at what we have projected, I have consoled myself with the thought to myself along the lines of “well these are the lower estimates, it really isn’t going to be that bad.” Unfortunately the numbers that are now starting to pop up hold no such comfort, and are beginning to confirm what our contributors have been predicting for a while.