The Green Files > The peak oil crisis: Confusion in the markets | Energy Bulletin

[Energy Bulletin -] To the delight of motorists, gasoline prices in the US went from $4 - $5 a gallon in July to $1 - $2 in December. Although it went unnoticed, America's economy received a massive stimulus from the billions of dollars that were left in consumers' pockets after each fill-up.

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[Untitled] Institutional Economics: ”˜Light Reading It’s Not’ - Forbes: Smil’s new contribution to the absurdity of peak oil theory, Oil, is more than just a critique of the latest crackpot forecasting theories. In 200 pages, he packs everything most people—including most economists and investment advisors—should know about the physics and economics of oil.

[Untitled] The Oil Drum | DrumBeat: December 6, 2008: I have had fairly high hopes for Obama based on his statements which appeared to make it clear he understands peak oil, oil dependence, and the urgent need to address global warming. While parts of this stimulus plan will entail more .

[Untitled] FT.com | Gideon Rachman’s Blog | Five events of the year: about Peak Oil, but you are right 2008 is a pretty good candidate, if true the social disruptions will become massive, we’ll see.”

[Untitled] The Oil Drum | DrumBeat: December 5, 2008: We've laid off about 10% of our workforce here. I just can't imagine why, even if I didn't know peak oil from a hole in the ground, people would be looking at extending themselves finanically right now.

[Untitled] Nonsense about Deflation - Mises Economics Blog: We experienced commodity inflation due to over speculation in oil, housing, energy related ag commodities and assorted metals. As the speculation turned from calls to puts, the prices fell faster than they went up, but still are higher than they were 5 years ago when speculation started.

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