PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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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 (103)	2/20/2005 7:06:12 AM
From: Wyätt Gwyön	Read Replies (1) of 1183

a whole lot of behind-the-scenes manipulation and chicanery played out when the Texas Railroad Commission granted 100% production rates to all producers..... the TRC was simply declaring that the Lower 48 was no longer able to set prices at the margin. this paved the way for OPEC, which itself was modeled on the TRC, to produce the world's marginal barrel. But we were never at any real risk of running out of gasoline. The public was told that, and they swallowed it. if you think, by extension, that Peak Oil today is just a Vast Right Wing Conspiracy, you might want to check out some of the online resources cited in the thread header, or read some books by people like Deffeyes, Heinberg, etc.

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