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echo: barktopus
to: Tony Ingenoso
from: John Beckett
date: 2005-06-19 10:53:14
subject: Re: Friedman has the answer...not.

From: John Beckett 

"Tony Ingenoso"  wrote in message
news::
> Its not just W - its the bulk of pols.  The answer is easy - people vote,
> and they love gas hogs.

We live in interesting times. I heard a radio interview today with someone
who studies the oil business. He believes that it is likely that the world
production of oil is now at its peak. In the future, he believes, oil
production can only fall (apparently the big oil fields in the middle east
are showing signs of age with higher percentages of water and some other
technical babble).

The interesting point is that you don't need to actually run out of oil
before prices sky rocket. All you need is for oil production to fall below
oil consumption, or to look as if it might.

John

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