Re: Re: RE: capitalism's expansion vs. limits

[Doug Henwood <dhenwood@xxxxxxxxx>]

Jim Devine wrote:

> BTW, what does the petrogeological profession as a whole think of
> Hubbert? what is the professional consensus on his methods and
> conclusions? why should we believe him rather than others? or is he
> "reputable" the way Milton Friedman is?

When Mark started going on about the disappearance of oil a few years
ago, I called around to a bunch of industry savants, and had several
on the radio. Mark's opnion is definitely a minority one - which
doesn't make it wrong, of course. But he doesn't often acknowledge
this. A guy from the Petroleum Finance Corp. agreed with me when I
suggested the real danger was that we'd choke ourselves if we burned
all the oil we have, rather than it running out disastrously soon.

Doug