December 2008 at 3:33 AM not sure if it is the right place but there is this page from the “Oil drum” that is somewhat contrarian (basic argument : not enough recoverable oil or coal left to sustain IPCC CO2 emission scenario). http://europe.theoildrum.com/node/4807#more comments ?
• Mark Says: 3 December 2008 at 3:43 AM Alexander #88. I thing you overlooked what “peak oil” means too. It doesn’t mean we can’t continue to extract more or we’re running out *now*, it means that the ability to increase extraction or maintain it in the face of increasing demand cannot be made. So supply, as you put it, was inelastic in increasing demand. That’s all. Now, if you want to ask why demand increased, one reason would be oil is traded in dollars so non-US countries hoard dollars to buy oil. But if the dollar is falling, the oil doesn’t: you can still drive a 40mpg car 40 miles on a gallon, etc. So the “worth” of oil doesn’t depend on the value of the money used to buy it. So while the dollar goes down, buy and hoard the oil instead of the dollars. Et voila! Increased demand. • Slioch Says: 3 December 2008 at 4:23 AM #89 Donald Oates “Is this sort of campaign [of anti-AGW misinformation] happening in the European countries too?” Yes it is, as I mentioned in #35 above. The swa
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- December 2008 at 3:33 AM not sure if it is the right place but there is this page from the "Oil drum" that is somewhat contrarian (basic argument : not enough recoverable oil or coal left to sustain IPCC CO2 emission scenario). http://europe.theoildrum.com/node/4807#more comments ?
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