Sunday, June 12, 2005

We have met the enemy - and they came to the same conclusion.

A thorough, well written piece on oil from Arthur Berman, editor of the Houston Geological Society (HGS) Bulletin, questioning the idea that Peak Oil is the current problem. This is probably the best 'attack' on Peak Oil I have read, which is not actually saying much. Nonetheless, I think it is well worth reading, as I think the authors' ideas have validity.

Ultimately, it does not refute the idea that oil prices will be higher and chaotic in the future, though the author believes this is not due to Peak Oil, instead due to limited refining capacity, the most promising regions being off-limits for exploration by major oil co's, and the bumbling nature of most nationalized oil co's.

Ideas Are Like Stars: The Current Oil Boom, 2001-2005.

I found it on The Energy Stock Blog.