Silicon Investor (SI) -- The First Internet Community

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 : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (4766)	9/20/2006 12:38:01 AM
From: Wharf Rat	Respond to of 24207

It's a Dogma-Eat-Dogma World Byron W. King, Whiskey & Gunpowder ...I thought of professor John Haller [and the plate tectonic theory] immediately when I saw the headline in The Wall Street Journal, "Producers Move to Debunk Gloomy 'Peak Oil' Forecasts." The first several sentences sum it up:... So it appears that Peak Oil theory is beginning to gain some traction. And apparently, the Peak Oil concept is gaining credibility among policymakers in both the U.S. and abroad. This could lead to policy incentives that discourage future reliance upon oil, and further lead to policy incentives that encourage the development and use of alternative forms of energy. And thus some key players in the oil business are becoming more focused in their efforts to "debunk" the Peak Oil concept. Peak Oil is no longer a fringe concept being discussed by a handful of small-time, granola-eating, tree-hugging players at the margins of intellectual respectability. Peak Oil is becoming part of the mainstream in science, economics, politics, and policy. This may just be because the evidence of the rocks is starting to make sense. This is what happens when you follow the facts. Good News From the Front Lines I think that this latest news from the front lines of policy debate is actually quite good. Peak Oil has developed a credible scientific basis, and the evidence from the oil fields of the world has begun to withstand the initial rounds of cavalier dismissal, if not pathological denial. And the ominous implications of Peak Oil are of such high risk and severity of outcome that the concept has popped up on the radar screens of the highest-level political and economic decision-makers in the world. When it comes to Peak Oil, you simply cannot afford to bet against it. That is, if you lose the bet, you lose it all. And that is a lot to lose. Peak Oil has moved out of the farm-club competition and is now in the major leagues. The question is can Peak Oil and its theorists and proponents hit that big-league pitching? Can Peak Oil stand up to "debunking" by the likes of Exxon and Saudi Aramco? Let me put it another way: Can the likes of Exxon and Saudi Aramco stand up to the hard evidence of Peak Oil? (19 Sept 2006) The original article draws a parallel between the growing acceptance of peak oil and the eventual acceptance of plate tectonics (the revolutionary geological theory). -BA whiskeyandgunpowder.com