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Feb. 26th, 2004 | 12:29 am

hbbertpeak.com linked to an interesting Nature commentary Hydrocarbons and the evolution of human culture. It's a reasonably calmly written. One of the useful points is that there's a wide variation in estimates of how much oil is left, but in the end no one really knows.

However they also suggest that prices for oil in the markets may not be able to respond to impending shortages.

Since prices are determined by cost of extracting this barrel of oil, not the next barrel of oil, there's the very real possibility of a sudden shift in fossil fuel prices.

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Comments {3}

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Diane Trout

Re: Out of Gas

from: alienghic
date: Feb. 26th, 2004 09:40 am (UTC)
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I didn't know about that. Thank you for telling me. I'll be sure to be there.

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Vicky the Compost Queen

I've been reading up on peak oil

from: vixter
date: Feb. 26th, 2004 10:14 am (UTC)
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thanks to you. I'm trying to figure out how to factor that into Tuesday's election. Mostly for the inititives. Probably yes on the bridge toll one. It has mass transit things, but it does have highway stuff, too.

Probably no on 56,57 & 58. More debt will be a bad thing if when oil prices creep up. Less spending is what the state needs. Especially on prisons. Also there is big money pushing these inititives. That is always suspect.

I'm also voting for Kucinich.

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Diane Trout

Re: I've been reading up on peak oil

from: alienghic
date: Feb. 27th, 2004 12:12 am (UTC)
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I saw a recent essay arguing that if we raised taxes on the rich to what they were under reagan or wilson we'd actually be able to meet our budget.

I'd vote for Kucinich, but didn't get a chance to switch my party affiliation. Greens didn't allow playing with the open primary. I did give his campaign some money though.

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