Exactly! Its why the Saudis lowered prices again after the 1980's, and avoided several gouging opportunities: efficiency increases driven by the oil shocks in the 70's had resulted in lowered total demand while not affecting actual production capacity. So no matter what the supply is doing, keep demand up and you win in any case.
This paper is a heavily spun PR support piece, note the language "is" verus "estimated" in this quote from it:
a new analysis of the subject by Cambridge Energy Research Associates (CERA) finds that the remaining global oil resource base ***is*** actually 3.74 trillion barrels -- three times as large as the 1.2 trillion barrels ****estimated**** by the theory's proponents --
Another quote, note the word "Peakists", also note that there is not "Peakist" spokes person:
Peakists' projections of the date a peak would be reached continue to come and go, the most recent targeted around Thanksgiving Day 2005, give or take a few weeks.
The writers picked one person and set them up as a straw man to discredit everyone else. The numbers I've seen range from last year to 2015.
I think this is a proactive defense against the new congress. The oil industry doesnt want their subsidies cut. They dont want alternative programs to be funded by the govt. This paper signals the launch of a new PR campaign to build the perception of public support for the steady as she goes approach. I suspect that multiple news outlets, including NPR, will be receiving PR pieces that use this article as a reference.
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Exactly! Its why the Saudis lowered prices again after the 1980's, and avoided several gouging opportunities: efficiency increases driven by the oil shocks in the 70's had resulted in lowered total demand while not affecting actual production capacity. So no matter what the supply is doing, keep demand up and you win in any case.
This paper is a heavily spun PR support piece, note the language "is" verus "estimated" in this quote from it: a new analysis of the subject by Cambridge Energy Research Associates (CERA) finds that the remaining global oil resource base ***is*** actually 3.74 trillion barrels -- three times as large as the 1.2 trillion barrels ****estimated**** by the theory's proponents -- Another quote, note the word "Peakists", also note that there is not "Peakist" spokes person: Peakists' projections of the date a peak would be reached continue to come and go, the most recent targeted around Thanksgiving Day 2005, give or take a few weeks. The writers picked one person and set them up as a straw man to discredit everyone else. The numbers I've seen range from last year to 2015. I think this is a proactive defense against the new congress. The oil industry doesnt want their subsidies cut. They dont want alternative programs to be funded by the govt. This paper signals the launch of a new PR campaign to build the perception of public support for the steady as she goes approach. I suspect that multiple news outlets, including NPR, will be receiving PR pieces that use this article as a reference.