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Saturday, July 08, 2006

Brother, can you spare a Benjamin for a barrel of oil?

It is interesting to see how the gestalt works. After years in the "wilderness" peak oil is going mainstream. This from CBS Marketwatch of all places:

"Crude oil, at least the cheap and easy to get to stuff, is dwindling. What's left are things like oil sands that are costly to refine, sour crude that also requires additional refining, deep-water drilling and other less than desirable and more difficult methods. Most of all these things cost more money and that cost is passed right along to you and me."

Looks like the peak oil "kooks" are about to join the global warming "kooks" and morph into prophets. As a perpetual yelper about our unconscious dive over the cliff of oil depletion I say again: I pray I am wrong. I pray everyone who is sounding the peak oil alarm is wrong.
It seems, however, they are all exactly right.

 

 
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