On NYT Article by Oilman Michael Lynch saying Oil is Plentiful

Discussion in 'In the News' started by Chuck, Aug 28, 2009.

  1. Chuck

    Chuck just the messenger

    [​IMG] Oil was first drilled 150 years ago - NYT has put stories this week on if Peak Oil is real

    [fimg=LEFT]http://www.cleanmpg.com/photos/data/501/071126_PeakOil_dl-vertical.jpg[/fimg]Gabriel Rotello - HUFFINGTONPOST - Aug 27, 2009

    Michael Lynch's history of predictions is not encouraging --Ed.

    For those who follow the debate over Peak Oil - the idea that world oil production is peaking or is about to peak, and will then decline with disastrous results for the global economy - this has been a banner year for the Peak Oil side.

    First, oil prices spiked to record levels - just when many Peak Oilers predicted they would - and helped stagger the economy. Then prices declined dramatically, as Peak Oilers also predicted, but began skyrocketing again even though demand for oil was off sharply - as they also predicted. Based purely on foresight, the Peak Oil side has been scoring touchdowns left and right.

    On top of that, a steady drumbeat of scientists, analysts and industry executives who once pooh-poohed the idea of Peak Oil have been jumping on the bandwagon. ... [rm]http://www.huffingtonpost.com/gabriel-rotello/the-new-york-times-on-pea_b_270347.html[/rm]
  2. Tochatihu

    Tochatihu Well-Known Member

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