View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TimF who wrote (47992)	2/5/2008 12:39:56 PM
From: KyrosL	Read Replies (1) of 541340

The critical date for the US and other importers is not peak oil production, but peak oil exports. Oil exports will peak a lot earlier than production, and we are arguably already past peak oil exports. Exports determine world oil prices. OPEC countries subsidize internal oil consumption very generously (for example, gasoline costs less than a dollar a gallon in most of them), and most have rapidly growing, young populations. Their regimes are not perfect democracies, but they are in general responsive and sensitive to popular demands, so subsidies are not going away any time soon. The only option for the US right now is a crash program of conservation coupled with production from nuclear, coal, and renewable technologies.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next