[lbo-talk] Oil touches $57 per barrel, many OPEC membersator above capacity

[Michael Dawson]

I agree.  My guess is that recent geopolitics is a very strong indicator
that the peak is already here.  I just think it's important to say that
there's a huge, deep crisis coming, peak or no peak.


> -----Original Message-----
> From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
> On Behalf Of jthorn65 at sbcglobal.net
> Sent: Friday, March 18, 2005 6:27 PM
> To: lbo-talk at lbo-talk.org
> Subject: RE: [lbo-talk] Oil touches $57 per barrel,many OPEC membersator
> above capacity
> 
> > > Michael Dawson wrote:
> > >
> > > >Peak or no peak, how many more decades of oil-BURNING can we take?
> > >
> > > That's the real question. I don't think Hubbert's going to do the work
> for
> > > us.
> > >
> > > Doug
> 
> The "real" question? I agree that the coming of Hubbert's peak is a bit
> overblown my people
> with a preference for catastrophic thinking but to imagine it signifies
> nothing seems a bit naïve.
> Michaels question is certainly the more important of the two but to
> imagine there will not be
> any irrational reactions to reaching the peak is awfully hopeful thinking.
> Something between
> catastrophy and non-event seems far more likely to me.
> 
> John Thornton
> 
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