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Keyword: doomsdayagain

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  • An oil 'crisis'?, Part II

    08/24/2005 7:04:48 AM PDT · by manny613 · 69 replies · 1,074+ views
    Soaring oil prices have revived the old bogeyman that the world is running out of oil. Economics is a great field for nostalgia buffs because the same old fallacies keep coming back, like golden oldies in music.
  • Oil Expert Predicts Apocalypse, But Few are Listening

    08/24/2005 6:06:17 AM PDT · by minerboy · 181 replies · 4,349+ views
    Newhouse News Service ^ | August 20, 2005 | Alexander Lane
    hink high gas prices are bad? Get a load of what ex-oilman and ex-Princeton professor Kenneth Deffeyes believes are following closely behind: "War, famine, pestilence and death," he said. "We've got to get the warning out." The threat? Peak oil. The term refers to the time when the worldwide production of oil peaks and begins a rapid decline. From then on, this incredibly efficient fuel source, which still costs less than most bottled water, will be ever more scarce and ever more costly. Highly respected sources, including the U.S. government, think that day is distant, and most mainstream economists think...