Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Count on demand destruction coming not primarily from transportation anywhere, but from power and industry in the developing world as they switch over to much cheaper alternatives like coal (why do you think China builds a coal plant a week?). A coal boe is still $10-15.

There's about 15 mbpd to cut here, and that's gonna happen even if oil prices fall by a third. And it might happen fast. The OECD cut 8 mbdp in non-transportattion demand in 1979-1984.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Jan 3rd, 2008 at 06:51:34 AM EST
[ Parent ]
It's nothing of the sort. It's just that the monetary costs are low for the corporations digging or burning the stuff, and the actual costs are dumped on others.

That's no more "cheap" than shitting in someone's garden can be called "cheap toilets"

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

by Jerome a Paris (etg@eurotrib.com) on Thu Jan 3rd, 2008 at 10:36:00 AM EST
[ Parent ]
It's cheap if you don't care about other people...

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Jan 3rd, 2008 at 11:58:47 AM EST
[ Parent ]

Display: