for those of you puzzling over the meaning of the collapse in oil prices, see what you think about this article:
http://europe.theoildrum.com/node/4870#more
i'll only post really good peak oil related articles, ones that teach me something or make me think about things a little differently. this is certainly one of those articles. now i need to learn the meaning of certain financial jargon like 'contango' and 'backwardation.'
everybody on the same page on peak oil, here? ...what, no? :^) well....i have my work cut out for me for my next blog.
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oh those europeans. at least they put the weird words in italics. i wish i had the motivation to click on all those links. i really should have clicked on quite a few.
ReplyDeletei agree about the negative effects of the boom-bust thing. people are so naive, it's only encouraging the sales of cars. already they are on the up swing for december. i'm also hoping for b.
oh, one more thing. i realized in my myspace blog i made the assumption that we were using our reserves to have cheap gas prices for the holiday..i see it's now a global phenomenon, and i'll be sure to bring that fallacy to light with this article, my dear wise friend. how i miss your comforting embrace, and i really wish i could comfort you back as you're sick and tired and fluey right now.
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