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Al Fin
6 Comments
Confirmatory Bias and Oil Investing
I must say that the "peak oil" enthusiasts do have a one-track mind. Whether they are not intelligent enough to weigh more than one variable (cause) at a time, or whether their beliefs are simply too strong to allow a complex mental representation of the reality, they seem to be mired in simplisme.
Oil and the Futures Market
IEA's Oil Market Outlook: Off the Mark
10 Notes on the Crude Oil Fixation
You forgot to mention the political prevention of new oil refinery expansion by Sierra Club and the State of California AG Jerry Brown.
Peak oil doobies say there's an oil shortage, but what they mean is there's a shortage of light sweet crude. Not the same thing. If the politicos and enviros let the refineries expand to refine the glut of heavier more sour crude, the "fundamentals&quo... would change pretty quickly.
Speculation and the Price of Oil
Peak oil doobies believe that demand stays high regardless of price. In this speculative market, price threatens to stay high regardless of demand.
Google's Page, Brin and Brilliant on Clean Energy from Davos '08
High altitude wind! What a joke.