My thoughts on why it is so hard for many to understand Peak Oil is the play of politics around the issue. Take todays third big drop in crude to just below 130.For some time i had the idea this would happen about now.In fact i say it will fall to 120.Why?? Because of the olympics. The Chinese have the ability to single handly do this.Firstly they certainly know when the olympics are being held so simply stock up on fuel before hand.This stocking up is in the previous six months and will send the fuel price up as it did.With a month before the olympics pull out of the market and the price will fall. Presto--the feel good factor---business as usual---we can all relax and be happy.
So peak oil will be put off until after the olympics and the US might even try to stall it until after the elections. Come 2009 and the sh-it will really hit the fan.
I am so sure of this i will be stocking up on diesel shortly for next summers digger work.
So peak oil has been postponed for a few months.Can we revisit this topic then.?
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digger
In summary that is where the manipulation is.