[lbo-talk]Peak oil and Why can't you guys learn to quote and attribute properly?

[jthorn65 at sbcglobal.net]

> John Bizwas wrote:
> 
> >(Oh, just to nip it off in the bud, are you going to trust an oil 
> >exec. about how much oil they have?
> 
> Bingo. A lot of peak oil partisans are oil industry types, looking 
> for tax breaks and a rollback of environmental regs - and to justify 
> high prices. Funny to see leftists so quick to sign up with the 
> program. Well not so funny, given apocalyptic temperaments.
> 
> Doug

This is only true to a point. Who knows more than the oil geologists who 
primarily work for oil companies. Where else would they work?
There is no concensus on when the peak will be reached but based on the 
information I have read most oil geologists believe between 2007 and 2010 is 
most probable. The later dates like 2026 to 2037 generally come when one 
adds in the work of economists who are plotting economic data to come up 
with a date. You have to decide for yourself whether you think economists or 
geologists are better at discovering oil reserves or estimating the size of 
existing reserves with the data they have. What seems funny to me is trusting 
economists over geologists when it comes to finding oil.

While it is true no one can know for certain until it has passed the smart 
money is on a date before 2010 in my opinion.

John Thornton