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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Peak Freaks

The Peak Oil theory continues to gain attention. While it makes intuitive sense that at some point in time the planet will run out of oil, the timing of "THE peak" is hotly debated. As prices rise and technology improves there are alternative hydrocarbon resources that can be exploited (oil sands and coalbed methane come to mind but there are numerous others). These resources are expensive to produce so they won't be developed unless producers believe that higher energy prices are here to stay. That oil production would eventually decline from the world's largest oil fields is hardly an earth shattering revelation but if you package it right you can sell lots of books. Alternative forms of energy are going to become more competitive - it will be interesting to see how people get to work in 2025.

The latest from Matthew Simmons courtesy Paul Kedrosky's Infectious Greed:
Some Peak Oil Reading/Viewing