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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Raymond Duray who wrote (408)4/23/2005 12:00:28 AM
From: Mahatmabenfoo  Read Replies (2) of 1183
 
-- Bush could end the fleecing of the consumer in a nanosecond

Fleecing?

Our oil prices are artifically LOW, partly the result of Saudia Arabia pushing its old wells full tilt, pumping in salt water to desparately keep up production on wells that may be past peak.

If there is any single thing that might have saved us, it would be to have multipled gasoline prices by 5x 30 years ago, and to have kept them that hight, and used the tax to build windmills.

Something close to what Denmark did to achieve 20% of its electricity from wind power, tho' that took 30 years.

Now we don't have 30 years and have to achieve MUCH better than 20%.

It's easy to understand why people like Jim Kunstler think the game already is over.

- Charles
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