by AdamB » Sun 17 Aug 2025, 10:32:26
$this->bbcode_second_pass_quote('franc', '
')Look at this year we have had a lot of causes for a shortage:Venezuela,Russia,Iraq,the hurricanes storming the gulf of mexico.
But we were never short of oil. Interesting no?
But anyway the clever guys managed to double its price,speculating on our fears.
It is called supply and demand franc. Perhaps you have heard of it? The market reacts, in hours if not seconds, to events, as it tries to suss out how to make money on the movement of said price.
Not interesting at all if you ever took a high school economics class. But don't feel bad, peak oilers want nothing to do with much beyond screaming "bell shaped curves!" and "Hubbert!".
Peak oil has been interesting bait since the first credible source speculated on running out (1886), but between that running out, and all the others, there needs to be more critical thinking.
Otherwise....the same thing happens that happened all those other times. "Running outters" look as stupid as their ignorance of the geosciences earned them. Been going on for more than a century and a half now.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"