Re: [Pen-l] Peak oil

[troy cochrane <troyc001@xxxxxxxx>]

Has investment in unconventional oil sources - oilsands and shale oil - increased over this period?

Julio Huato <juliohuato@xxxxxxxxx> wrote:
>  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.
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