posted on Apr, 8 2005 @ 03:14 AM
Just a helpful reminder, but do you remember Enron and its accounting mess?
Now on the issue of "Peak Oil," do you trust the same kinds of industry people who suggest such a thing to use their inventory accounting and
projections of available supply and demand, to tell you there is actually such a "crisis?"
I do not trust these people, and in fact the problem is limited refinining capacity which is a deliberate matter, not a matter of actual geology which
is their economically distorted argument.
Shall we write a "Peak Oil," for Dummies book now, or later, to also discuss the Abiotic Oil theory? Why are the Russians drilling thousands of feet
down for oil, if it is the result of biological processes happening beneath the current historical layer of 4.2 billion years?
I think in the Enron accounting age, it is a simple matter of supply and demand, while your demand is inelastic, and the supply is now under even more
concentrated ownership. So where to prices go without what used to be at least a somewhat limited competitive output strategy? Up is right, as much as
these people want to charge, just as they charged for electricity in California.
Your leaders will do nothing, the press will do nothing, so what do people do with this "Peak Oil," myth? It is an excuse for higher prices, so get
over your plans for a vegetable garden and so forth. You have been had.
[edit on 8-4-2005 by SkipShipman]