I’m heading out for a week’s vacation tomorrow and won’t be posting for a week or so.
In the meantime, if you haven’t already done so, I encourage you to check out some of sites on my blogroll… plenty of excellent commentary and news to be had.
One article I’d encourage you all to read is Jeffrey Brown’s (aka Westexas on the Oil Drum) “Net Oil Exports and the ‘Iron Triangle’” over at The Oil Drum. As Mr. Brown states, the real issue with peak oil isn’t the world running out of oil, or even that the amount of producible oil will drop. The real issue is the amount of oil available for export to consumer nations, and that amount will drop faster than the overall amount of oil available will due to rising consumption in producing nations. As pointed out in the comments, citizens of several producing nations feel that since the oil is under their ground, they have a right to extremely cheap petroleum products. I read earlier this year that the average Iranian pays around a quarter for a gallon of gas; how will that encourage anyone to use less?
Anyway, I’m a big fan of Mr. Brown’s arguments and writing. His comments at TOD can get somewhat repetitive over time, but he has a very simple and powerful message: “Get thyself to the non-discretionary side of the economy.” Sage advice…
Talk to you in a week. I’m off to hunt walleyes.