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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (69102)	8/30/2006 2:31:38 PM
From: yard_man	Respond to of 110194

dirty dog alert -- good volume, might be something??

To: ild who wrote (69102)	8/30/2006 3:17:17 PM
From: ild	Read Replies (1) \| Respond to of 110194

RIP@googling peak oil -- trotsky, 15:10:32 08/30/06 Wed well, it's popular NOW, because oil prices are high, and thus the story began to proliferate , as new converts joined the cause. certainly peak oil wasn't a popular notion back in 1998 with oil at $10/bbl. nevertheless, the mainstream refrain has always been 'it'll last for at least another 200 years' (recently revised to '40 years'). and of course the story is being 'sold' as well - a number of authors make a living from it after all. still, the original peakers (Campbell, Laherre et al.) were simply concerned oil geologists following Hubbert's work. it's possible that the Shrubbish ME project is in part motivated by it - i think Cheney is a peak oil believer (Simmons is one of the experts they consult after all). RIP@peak oil -- trotsky, 14:36:30 08/30/06 Wed well, i'm far less certain that it's simply 'a lie'. after all, its main proponents have never been mainstream guys, but they sure ARE oil geologists with a lot of experience under their belts. my gripe is not with the peak oil theory as such - it may well have merit - i'm only incensed that its proponents want to enlarge the State even more. if their theory has merit, i don't see any institution safe the market that could provide a solution to the problem. it's as simple as that. mugwump@'peak oil caused Sovie collapse' -- trotsky, 13:25:51 08/30/06 Wed this is complete bunkum. the article conveniently brushes off the not inconsiderable fact that post-Soviet Russian oil production is at a new record high - WITHOUT the output of the 14 former Soviet Republics that split off Russia! see comments by 'pater suspiriorum' at the bottom of the article (yes, that's me). the main reason why it took a while for production to go into decline under the communist system is that it took a while for the communist rot to infect everything. anyone who has seen Eastern Europe in the 1970's and 1980's was certainly struck by the extent of the decay there...nothing was kept in shape. i imagine that held for oil field equipment just as much as it held for everything else.