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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: Elroy Jetson who wrote (1329)	10/21/2005 9:30:18 PM
From: el_gaviero	Read Replies (3) of 218556

“We reached the point where demand out-stripped oil supply in 1978. Just a soon as people got used to it, oil prices collapsed.” Elroy, It is rare that you say something stupid, but it happens .... e.g., the above. As it stands, that statement is gibberish. I would say that prices collapsed not because people got used to demand exceeding supply (whatever the heck that means) but because of Pruhhoe Bay and the North Sea. Your statement, also, that the more people know the oil business the less likely they are to accept Peak Oil is also hard to credit. Colin Campbell, M Laherrere, Buzz Ivenhoe and many other geologist don’t know the business? I’m not buying that one either. I really do appreciate your knowledge about many matters that interest me but sometimes with you I get the feeling that you adopt a position because it makes you feel superior. I’d keep an eye on that.

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