[BigTex]

Anyone remember that scene in the movie Communion when Christopher Walken goes to the support group for people who have been abducted by aliens. He reluctantly starts to talk about his experience and is shocked when the rest of the group begins quizzing him about the exact type of aliens that abducted him, talking about different kinds of aliens the way you might talk about different sports teams. He realizes that not only are aliens real, but that they have been kidnapping and probing a lot of people.

When the tipping point arrives for PO awareness (as it may have with the IEA Report), more people are going to begin visiting this and similar sites and be shocked to find that there has been a tremendous amount of thought, argument, hand wringing and discussion about this topic with few happy endings and fewer remediation options at this stage of the game. The fact that this energy crisis is fundamentally different from the energy crisis in the 70s will slowly dawn on people--the 70s was an ARTIFICIAL shortage, this is a REAL shortage.

I am amazed that markets that are so good at factoring in ALL of the available information have somehow misunderstood this whole runup in oil prices; the street seems to have thought that this was a speculative bubble and the Saudis could pop it any time they wanted to. I think the market is starting to figure out that oil in the $60s is not a speculative bubble, but probably a very solid price FLOOR going forward.

The fact that the negative externalities of burning fossil fuels are also becoming apparent right now is just icing on the cake. When people realize that we have lots of coal, but using it will only accelerate the negative climate effects we are already seeing, the "nowhere to turn" nature of the problem will begin to sink in.

I can't wait to hear the OPEC rationale for not increasing production the next time they meet.

[Tanada]

$this->bbcode_second_pass_quote('BigTex', 'A')nyone remember that scene in the movie Communion when Christopher Walken goes to the support group for people who have been abducted by aliens. He reluctantly starts to talk about his experience and is shocked when the rest of the group begins quizzing him about the exact type of aliens that abducted him, talking about different kinds of aliens the way you might talk about different sports teams. He realizes that not only are aliens real, but that they have been kidnapping and probing a lot of people.

When the tipping point arrives for PO awareness (as it may have with the IEA Report), more people are going to begin visiting this and similar sites and be shocked to find that there has been a tremendous amount of thought, argument, hand wringing and discussion about this topic with few happy endings and fewer remediation options at this stage of the game. The fact that this energy crisis is fundamentally different from the energy crisis in the 70s will slowly dawn on people--the 70s was an ARTIFICIAL shortage, this is a REAL shortage.

I am amazed that markets that are so good at factoring in ALL of the available information have somehow misunderstood this whole runup in oil prices; the street seems to have thought that this was a speculative bubble and the Saudis could pop it any time they wanted to. I think the market is starting to figure out that oil in the $60s is not a speculative bubble, but probably a very solid price FLOOR going forward.

The fact that the negative externalities of burning fossil fuels are also becoming apparent right now is just icing on the cake. When people realize that we have lots of coal, but using it will only accelerate the negative climate effects we are already seeing, the "nowhere to turn" nature of the problem will begin to sink in.

I can't wait to hear the OPEC rationale for not increasing production the next time they meet.