Oil

Today’s posts will focus on heating and cooling and how to deal with these issues…I’m going to talk about strategies for both of these things – first of all, how not to die from heat or cold – how to live without any heating or cooling, even in very cold or hot places, and then also how to cool and heat your house using fewer fossil fuels, but before we go there, I want to talk about how we *think* about heating and cooling overall. Because that has at least as deep an effect on how we approach this as the actual method we use.

Ted Trainer (1997) predicted large and permanent increases in oil prices after the year 2000 due to increasing scarcity. In fact in March 2008, oil broke through the psychological ceiling of $100 a barrel, and later in early June rose to around $140 on the way to $150…
…On the heels of such predictions, in the months of July and August 2008, oil has fallen from $147 a barrel (11 July) to $115 (8 August), a large drop over four weeks of 22%…
The paper will consider the present crude oil price retreat and what it likely portends for the future price of oil.