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<DIV style="font-color: black"><B>From:</B> <A title=bwaldrop@cox.net
href="mailto:bwaldrop@cox.net">Bob Waldrop</A> </DIV>
<DIV><B>Sent:</B> Sunday, February 12, 2012 6:17 AM</DIV>
<DIV><B>To:</B> <A title=runningonempty2@yahoogroups.com
href="mailto:runningonempty2@yahoogroups.com">ROE2</A> </DIV>
<DIV><B>Subject:</B> [RunningOnEmpty2] More articles about continuing oil
problems</DIV></DIV></DIV>
<DIV> </DIV></DIV>
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<P>If you only read the mainstream press, you will conclude that the “peak oil
scare” is past. Alas, if only it were true, but it is not. Below is an article
from Our Finite World blog (another of my info sources), summarizing three major
articles in the academic press that lay out the continuing problem. As is common
with the academic press, the full articles are behind paywalls, but the
summaries in the blog article are good.<BR><BR>Bob Waldrop, OKC<BR><BR><A
href="http://ourfiniteworld.com/2012/02/12/three-major-journals-publish-articles-on-limited-world-oil-supply/#more-15251">http://ourfiniteworld.com/2012/02/12/three-major-journals-publish-articles-on-limited-world-oil-supply/#more-15251</A><BR><BR>In
the past month, three major peer-reviewed journals have published articles
relating to limited world oil supply:<BR><BR>1.. In Science, Technology is
Turning U. S. Oil Around But Not the World’s, by Richard A. Kerr; <BR>2.. In
Nature, Climate Policy: Oil’s Tipping Point has Passed, by James Murray and
David King; and <BR>3.. In Energy, Oil Supply Limits and the Continuing
Financial Crisis, by Gail Tverberg.<BR>The fact that these articles have been
published is significant, because articles in the mainstream press, such as
Bloomberg’s recent article, Peak Oil Scare Fades as Shale Deepwater Wells Gush
Crude, seem to suggest that our oil problems are past. While the US oil supply
situation may be a little better, the world supply situation is still very bad,
and oil prices are still very high around the world.<BR><BR>Furthermore, high
oil prices tend to have a recessionary effect, and can lead to debt defaults.
These issues are described in both the second and third articles above. Thus,
there is a substantial chance that high oil prices are contributing to the debt
default problem in Europe, and to forecast low world economic growth.<BR><BR>In
this post, I briefly describe these articles.<BR><BR>more at the link
above<BR><BR>[Non-text portions of this message have been
removed]<BR><BR></P></DIV><!--~-|**|PrettyHtmlStart|**|-~-->
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