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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (67014)	8/5/2005 6:18:09 PM
From: Moominoid	Read Replies (3) \| Respond to of 74559

The funny thing is that myself and my colleagues - Robert Kaufmann, Cutler Cleveland, Bob Costanza, etc. were regarded as Cassandras 10-15 years ago in talking about issues like peak oil, the Hubbert Curve, EROI etc. And now suddenly we are seen as Polyannas because we don't believe that peak oil is already here, we don't think the downside of the Hubbert curve will be catastrophic - perhaps a long slow decline and we have some guarded optimism about alternatives etc. This is really a conundrum :) I believe in fact that climate change policy is going to turn out to be a more important potential constraint on economic output than geological limits on the availability of fossil fuels. Peak oil is real and global warming is real too. We just have to put both in the proper perspective. OTOH there are lots of people out there who think fuel from corn or biodiesel or whatever will solve all our problems and they are equally deluded. David Stern