What’s up with the price of oil?

Question:  What about the extraordinary movements in oil prices?  Do these refute Peak Oil? Answer:  There is neither anything unusual in these things, nor are these price movements unique to oil.  Here are some brief answers, with links to longer discussions. Oil prices rose along with commodity prices during the boom The price of commodities varies with … Continue reading What’s up with the price of oil?

An urban legend to comfort America: demand for oil creates new supply

This is the third post in a series examining “urban legends” about energy that comfort Americans.  These five myths are: I.      Our massive reserves of unconventional oil. II.     We’ll run crash programs to solve peak oil, just as we mobilized for WWII. III.    Demand creates supply, by raising prices. IV.    Oil is Oil, even … Continue reading An urban legend to comfort America: demand for oil creates new supply