Wonders Never Cease - NPR Story On Peak Oil With Pickens, Deffeyes

[hatrack]

8/25 on the 7:00 CDT news cycle. Astonishing!

My favorite part of the interview was an interview with a commodities broker who said that he didn't think there was a long-term problem. Of course, moments before saying so, he also admitted that commodities brokers don't really think about long-term prospects, since their focus is only three or six months ahead (!).

[ochazuke]

1. long term for a futures trader

I think that he was thinking that, after the intervieww, he could get back to the trading pit before we run out of oil.

[enough]

2. Yes, it's suddenly hitting the mainstream.

Top story in Philadelphia Inqirer Business section today.

[Fovea]

3. Yet Ford smashes its Think! cars

in favor of bigger SUV's.
Goodnight Ford, welcome to the world of >$50bbl oil.
Or does Ford think Iraq will ship oil cheap to the US forever?
Or even anytime soon?

[HootieMcBoob]

6. Why do American auto manufacturers insist on

shooting themselves in the foot. Will they ever figure it out?

[havocmom]

4. Peak Oil must be nearing if they are going on the air with it now

Have to laugh thinking about the attutude of so many that oil will just keep flowing. Have to smile when I think about the Mayan calander cycle, nearing its endfor the present period of materialism. Interesting that Peak Oil and the ancient prediction for a change in cycles comes about the same time.

Yep, we better learn how to preserve food and fingur out other ways to make life work for us without fossil fuel. And Big Oil execs best start paying the guards at their gated communites better. ;)

[fairfaxvadem]

5. Saw T. Boone speak about this on tv a few weeks back.

Don't know if he made the same comments on the NPR piece, but in this other spot he said $30/barrel oil is long gone, $60 more like it, the Saudis probably aren't sitting on as much oil as they claim, and folks better wise up to all this.

He said he didn't have any hard proof that the Saudis were inflating their reserve #s except that all his years in the business his instincts just tell him that this is what's going on.

[hatrack]

7. According to today's interview, Pickens is buying oil contracts for 2011

Interesting.

[fairfaxvadem]

8. He probably figures it's safe during his lifetime!

I guess the peak oil folks are saying we've got what, 50 years worth of oil underground? Pickens may agree, but, he's still a businessman and knows he won't be around when the shit hits the fan, so for now it's business as usual.

Just my take on it.

[Dogmudgeon]

9. "Uncle Ken" Deffeyes was in Philly this week

There's a big chemists' confab in town this week. I believe he gave one of the keynote speeches. He also got covered in the Philadelphia "Will that be in Gregg or Pittman, Mr. Bush?" Inquirer.

I'll look for the link and post it when I find it, if someone doesn't beat me to it.

--bkl