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

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To: RWS who wrote (805)6/27/2005 12:30:32 PM
From: Doug R  Read Replies (1) of 1183
 
RWS,

"Why would they deny peak oil?"

As supply grows tighter (to you and me that means "as the supply situation worsens") oil in-ground becomes more valuable.

Acknowledging peak oil would serve to greater spur development of alternatives which would infringe on market share and probably negatively impact future dollar value of in-ground oil.

Denying peak oil serves to allow the supply situation to worsen.

imo.
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