RCE wrote:
Again, stolen from another NG, the following is a portion of an article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?

wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.

wrote in message
oups.com...

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an
article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.


Chuck, the author was not claiming that a certain price would last for
decades. His point was that the higher the price, the longer remaining oil
supplies will last.

RCE

"RCE" wrote in message
...

wrote in message
oups.com...

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an
article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.


Chuck, the author was not claiming that a certain price would last for
decades. His point was that the higher the price, the longer remaining
oil supplies will last.

RCE


That would depend on what percentage of drivers are actually capable of
driving less, don't you think? I mean, if you MUST get to work, and you've
already trimmed your other driving as much as possible, whattya gonna do?

"Doug Kanter" wrote in message
...

"RCE" wrote in message
...

wrote in message
oups.com...

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an
article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.


Chuck, the author was not claiming that a certain price would last for
decades. His point was that the higher the price, the longer remaining
oil supplies will last.

RCE


That would depend on what percentage of drivers are actually capable of
driving less, don't you think? I mean, if you MUST get to work, and you've
already trimmed your other driving as much as possible, whattya gonna do?


Move to where your work is?

I don't know. I remember many years ago when we were first married and I
was in the Navy, I could barely afford to buy enough gas every week to get
to work. No shortages, I just simply could not afford rent, food, baby
supplies and gas for the car on Navy pay. I worked part time at a garage on
weekends for gas money, but finally parked the car for all but absolutely
necessary travel and bought a Honda 305 Super Hawk motorcycle to get to
work. Ever try riding a motorcycle in 12 inches of snow in subfreezing
weather?

RCE

"RCE" wrote in message
...

"Doug Kanter" wrote in message
...

"RCE" wrote in message
...

wrote in message
oups.com...

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an
article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.


Chuck, the author was not claiming that a certain price would last for
decades. His point was that the higher the price, the longer remaining
oil supplies will last.

RCE


That would depend on what percentage of drivers are actually capable of
driving less, don't you think? I mean, if you MUST get to work, and
you've already trimmed your other driving as much as possible, whattya
gonna do?


Move to where your work is?

Not possible for many people. No housing near work. Ever seen the endless
miles of industrial development in places like New Jersey & Long Island?

I am sure he also meant as the cost of crude rises, it becomes economical
vialbe to extract oil from less desirable and thus more expensive oil
fields, such as many oil fields in the SW and the shale oil fields.

If he didn't mean that, he should have.

--

Reggie


"RCE" wrote in message
...

wrote in message
oups.com...

RCE wrote:
wrote in message
oups.com...

RCE wrote:
Again, stolen from another NG, the following is a portion of an
article
published in the "Economist".

It seems to refute some of the Peak Oil doom and gloom arguments.

---------------------------------------------------------------------------

There was an article in the latest Economist about this. Here's
a little of it:

As oil production slows,
prices will rise up and down the futures curve, stimulating new
technology and conservation. We might be running low on $20 oil,
but for $60 we have adequate oil supplies for decades to come."


----------------

$60/bbl for "decades to come"? How far from the wastebasket does one
need to stand to score 3 points with a paper wad?


According to his theory, $100/bbl will add a couple of more decades of
availability.

RCE

I don't know when that theory was expounded, but that $60/bbl oil
lasted maybe a few weeks or months. Certainly not "decades". We're
closing in on $80.


Chuck, the author was not claiming that a certain price would last for
decades. His point was that the higher the price, the longer remaining
oil supplies will last.

RCE