European Tribune - Comments - Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed'

Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed' | 34 comments (34 topical, editorial, 0 hidden)

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 0)

the head of the French public agency for energy efficiency saying that we will soon reach the point when "we consume more oil than we discover"

Wasn't that point reached in 1975?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Jan 22nd, 2006 at 09:47:35 AM EST

Precisely (none / 0)

I was amazed to see such blatant ignorance in the pages of Le Monde a couple of months back. It sounded very much like "we are slowly discovering the magnitude of the problem", the emphasis being on "slowly" rather than "magnitude"...

(btw, it was 1985)

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (jeromeguillet@yahoo.fr) on Sun Jan 22nd, 2006 at 09:52:20 AM EST
[ Parent ]

Re: Precisely (none / 0)

Oh, yeah, I misread the graph. :-/

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Jan 22nd, 2006 at 10:04:02 AM EST
[ Parent ]

Re: Countdown to 100$ oil (21) - 8-page extravagan (none / 1)

It depends which data you use. Most people still don't use, on purpose or not, the reserve revision back dated at the time of the discovery, so living in the illusion of perpetual reserve growth.

by Hansvon on Tue Jan 24th, 2006 at 02:54:34 AM EST
[ Parent ]

Countdown to 100$ oil (21) - 8-page extravaganza in the Independent: 'we're doomed' | 34 comments (34 topical, 0 editorial, 0 hidden)

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