[lbo-talk] Is There Anything To This Peak Oil Business?

[cian]

The International Energy Agency expects it to happen between 2010-2020. I've
seen other predictions up to 2050, but they're pretty optimistic ones. Lots
of people who work in the field seem to think that 2020 is a reasonable
estimate, though it moves according to oil demand (recessions reduce oil
demand, and thus push back the date). Analysis on reserves done in the
industry seems to suggest that political/wishful thinking increased the
reported resources of many countries, rather than real oil discoveries.

A good, informed, source is: http://www.odac-info.org
Colin Campbell seems pretty switched on.

-----Original Message-----
From: lbo-talk-admin at lbo-talk.org [mailto:lbo-talk-admin at lbo-talk.org]On
Behalf Of Dwayne Monroe
Sent: Sunday, November 16, 2003 6:47 PM
To: lbo-talk at lbo-talk.org
Subject: [lbo-talk] Is There Anything To This Peak Oil Business?

Recently, an excitable lefty friend, a woman who
believes that capitalism, at least as presently
configured, is a decade or so away from the grave,
introduced me to the idea of 'peak oil'.

I've read the articles and followed the web sites (use
link below for Google results) but still don't feel
confident to say whether this is darkly wishful
doomsday hype or a real analysis hidden behind some
unfortunately overcooked imagery.

Of course, common sense tells us that oil is not
forever.  Still, is the peak oil-ist description of
the problem on-target?

Anyone have informed thoughts?

DRM

link -

http://tinyurl.com/v8an

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