Two geologists on saving the earth

Interview with the geologist-authors of The American West at Risk, a recently-published tome that details how ongoing environmental issues are destroying the general livability of Earth for all species, including humans. This book shouldn’t just be on every wannabe Greenpeace activist’s nightstand. Each of the 13 chapters explore one subject in depth — forestry, mining, military operations, road building, to name a few — and balances science with politics and reality to sharpen the argument for preservation of natural resources.

Oil prices: Wild 2008 ends with mild contango

Spot prices finish the end very low, but what about the long end of the curve, where market practitioners reflect their medium term expectation of the oil buy / sell balance?

Some would say the curve is in deep contango (i.e. future prices are higher than the spot), reflecting a strong expectation that prices will resume their upward movement as soon as the crisis is less severe.

Does that mean more market players are convinced by peak oil?