Peak oil – Aug 10

David Strahan: Have we reached the end of the road for oil?
Rising need of crude in energy rich nations
Heinberg on Al Jazeera TV
CIBC’s Ben Tal sees $200 oil
Energy: It’s still cheap (Matt Simmons. interview)

Does queueing theory explain oil’s wild price swings?

Price movements in the short run contain very little information of importance for long-term planning. To pay too close attention to every decline in the oil price would be the equivalent of halting construction on one’s home every time the sun comes out believing that a new era of permanent sunshine and balmy weather obviates the need for shelter.