NPR's Marketplace Peak Oil Blurb...
Posted by Prof. Goose on June 26, 2005 - 8:56am
Yet another little thing to send to those you want to convince about peak oil. Discusses the basics and even talks about Simmons a little bit.
A long view on oil from commentator Mark Hertsgaard...
(edited to add: apparently, there was an interview with T. Boone Pickens that followed this, but I think you have to listen to the entire show to get it...or if someone can find it and put the link in the comments, that would be grand...)
Go to the postings for today
Technorati Tags: peak oil, oil
A long view on oil from commentator Mark Hertsgaard...
(edited to add: apparently, there was an interview with T. Boone Pickens that followed this, but I think you have to listen to the entire show to get it...or if someone can find it and put the link in the comments, that would be grand...)
Go to the postings for today
Technorati Tags: peak oil, oil
“The aim of every political constitution is, or ought to be, first to obtain for rulers men who possess most wisdom to discern, and most virtue to pursue, the common good of the society; and in the next place, to take the most effectual precautions for keeping them virtuous whilst they continue to hold their public trust.”
—James Madison, FEDERALIST #57 (1787)
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Actually, I thought the interview with Boone Pickens afterward was more interesting. He brought up the fact that in 4Q05 the world will be attempting to serve a demand of 86 mbd with a supply of 84 mbd. He said he doesn't believe the world can pump any more than that.
I missed the peak oil snippet on the Friday show, but did hear T. B. Pickens comments. I noticed, though, that David Johnson, a financial analyst who is usually on Friday's show, shrugged off higher oil prices as a "bubble" like the housing market. Its obvious he has no science/engineering training and does not understand what's going on.
anybody have a link to the Pickens part of the interview? or does one have to listen to the entire show to get to it?
My dad talked to one of Pickens' associates while their flight was delayed at Dulles, and the 84supply/86demand numbers were exactly what he told my dad.
My dad brought it up cause I've been trying to convince him for a few months now... not a bad source to prove it... Pickens' associate told my pa straight up... listen to your son, he's right..
Well.. here's a link you might like:
http://webjay.org/by/Fatherof4/donkeytalk#2066897
It's got a lot of peak-oil intervieuws. Boone'e there too
Roger - thanks for the link to my Webjay Playlist.
Some audio links don't translate using Webjay, so you can also check my Furl archive for other audio and video.
I heard the Pickens comments at http://marketplace.publicradio.org/shows/2005/06/24/PM200506245.html
but if you go to the Hertsgaard link you ought to easily spot the Pickens piece - under the heading "the week of oil on Wall Street".
The $64,000 question: At what price is 2 million bbl/day of demand destroyed?
If the results of that oil wargame that was run on Thursday are in the ballpark, then oil will be over $150/bbl in order to destroy 2 million bbl/day of demand.
I personally think it won't go that high (at least not this winter) because either 1) the estimate I cite above is off; or 2) the economic and geo-political chaos engendered by oil going up that high that fast will destroy demand through non-economic means (i.e., some people just won't get any due to war, embargo, heavy-duty diplomatic maneuvering, or other fun things).
The other possibility is that extreme oil prices collapse the Asian (and particularly the Chinese) economies, causing a demand sag like we saw in 1998.
I could see this happening through a supply interruption, either accidental or engineered. The US has the SPR and could weather the storm, but the Chinese might not.