RE: [Pen-l] Peak oil

["Perelman, Michael" <MPerelman@xxxxxxxxxxxx>]

Or preference for oil companies buying stock instead of investing in
production.


Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com

-----Original Message-----
From: pen-l-bounces@xxxxxxxxxxxxxxxxxx
[mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of Julio Huato
Sent: Tuesday, April 29, 2008 5:06 PM
To: pen-l@xxxxxxxxxxxxxxxxxx
Subject: [Pen-l] Peak oil

Jad Mouawad (NYT) wrote:

> As oil prices soared to record levels in recent years, basic economics
> suggested that consumption would fall and supplies would rise as
> producers drilled for more oil.
>
> But as prices flirt with $120 a barrel, many energy experts are
becoming
> worried that neither seems to be happening. Higher prices have done
> little to suppress global demand or attract new production, and the
> resulting mismatch has sent oil prices ever higher.

Peak oil?  This sounds more like an oil bubble.
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l