Gas Prices
a) Reply to Ron Turley’s Response (below) June 3, 2008
Thanks for your assessments. They are appreciated.
Re banning speculators – I agreed in advance there’d be “can’t do it” reactions and that the key questions were how and by whom. But it seems to me to be a fundamental wrong that a few hundred can cause serious hardship for a few billion – only because they can at this time.
Re oil – sure it’ll run out, but in a time frame measured in centuries, not years or decades. Why? Because of technology advances such as you cite and others, including turning heavy oil into light, which will extend the life of existing stocks, and, the exploration and exploitation of blocked fields and new finds of which we’re told the estimates range in the multi-billions of barrels. Continue Reading »
