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Politics : Foreign Affairs Discussion Group
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To: Jacob Snyder who wrote (111035)8/12/2003 6:25:15 AM
From: Noel de Leon  Read Replies (1) of 281500
 
"The odd thing about oil is, the more that's pumped up, the more they find still in the ground. The supply in the ground is not a fixed constant. It's a variable, dependent on other variables, mainly technology and price. What I worry about, is not so much running out of oil, but the danger of continuing our co-dependant relationship with Middle East despots."

You should get a copy of Hubbert's Peak, Princeton University Press, by Kenneth S. Deffeyes.

The Iraq war becomes clearer if you factor in Bush's time scale and the onset of Hubbert's peak. Add to that Executive Order 13303 and the picture gains structure.

If Hubbert's Peak is accurate then the price of oil will rise quickly as demand rises(+65% by 2020) and supply doesn't increase. quehubo's argument about cheap oil for everyone else doesn't hold under this scenario. Nadine's argument is also fallacious since there is a limit to the amount of undiscovered oil. Hubbert's Peak points out when that limit will occur.
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