10/9 I'm just wondering where all the "peak oil" morons are now that
oil prices have fallen almost in half. Anyone who looked at
consumption versus production could plainly see that, peak oil or
not, the recent spike was mostly speculative.
\_ the speculation of peak oil fueled it out, though peak oil
is not an effect that will never happen, but it's really more
of a question of when. Not now, not in 5-10 years, but some
day. Not now. -!peak oil guy
\_ Isn't "peak oil" about the amount of oil we can extract per day, not
the price of oil?
\_ yeah peak oil is about amount of oil we can extract as a whole.
if you're focusing on the current price, you are short sighted
\_ I didn't say there's no such thing as peak oil, just that
we're apparently not there or prices would have stayed high.
The number of idiots claiming that demand in China was why
oil prices doubled in a year was astounding. So what do they
have to say now? OPEC is talking about reducing production
to keep prices high!
\_ Demand in China *is* why prices were up, it is just now that
demand drop in the US is outpacing demand increase in China.
This is probably temporary, but I would prefer to hope
otherwise.
\_ anti-peak-oil moron: you need to learn about the difference between
a shift along the demand curve and a shift of the demand curve.
\_ I think you need to prove that one has happened instead of
the other.
\_ Even today oil prices are way above what they were only a few years
ago. You need to look at long-term trends, not the movement of
oil prices over a few months time, which ARE speculative. |
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