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November 26, 2008

Comments

Paul Letendre

Hey Paul,

My Technology & Society class at school has been using 'the End of Oil' paperback as reading this semester. First, let me say how great I think your work is, and thank you for putting out something that's loaded with facts, gives an accurate picture, and isn't too depressing like some authors. My question for you is this...I see some discussion on 'assett inertia' in Chapter 11, but nothing on 'energy inertia'. My professor wants us to compose an essay on Ch. 11 regarding energy inertia but I can't find anything in the reading about it. Any help would be greatly appreciated!

tyronen

I have just finished your book.

I am puzzled at just how fast oil prices have moved during 2008. I could believe that the general rise of the past few years was due to demand outpacing supply. That, however, pointed to a gradual increase, not the meteoric rises of the spring.

Similarly, although there is a global recession, it hardly seems deep enough for oil prices to drop by nearly two-thirds.

One explanation I have heard is that oil futures speculation is amplifying price swings. Do you think there is any truth to this?

Patti Absher

Hi Paul,

I'm in Cancun for two weeks and have been reading your book by the pool. For a tome so packed with facts and figures, it keeps you turning the pages like a who-done-it. If only!

What do you think of Obama's appointments so far in terms of leading this country to the fundamental changes in our energy system you call for? It's seems like such a great opportunity to turn things around but I'm afraid it will be business as usual in Washington.

Online Commodity Trading

Well after a big old rise in oil prices recently, I re-read this with interest. However I think oil prices are now going to drop hard and fast again with this swine flu outbreak hitting the demand for air fuel.

twitter.com/annacoull

Moves by the CFTC to try and regulate the oil trading market and prevent the kind of speculation which has seen crude oil prices rise from $30 per barrel back towards $70+ this year took an interesting twist yesterday when it was announced that the weekly COT data would now include new details on the aggregate holdings of the big Wall Street dealers, hedge funds and other financial participants. COT data is a useful market sentiment tool but as many of the market participants both hedge and speculate it has become increasingly difficult to analyse. According to the CFTC the new format will be making its debut next Friday.

santosh

Dear Mr Paul,
first let me tell you that i liked your book-End of Oil ,immensely.

However,while reading through ur book I came accross part 3,where by you mention that Dhabol Power project set up in India ,by earstwhile Enrol,failed because India failed to comprehend the market oriented capitalist system.And the reader is led to belive that the failure on part of utilities company to pay the power bill lead to Enron's bankruptcy.

All this seems ridiculous to any learned reader.We all know what led to Enron's bankruptcy,and there is no controvery on that.It was sheer dishnoesty practised by an American capitalist company.

The link may help you understand the tru nature of Dhabol power crisis/corruption.

http://www.humanrightsinitiative.org/programs/ai/rti/india/articles/Open%20Sesame.pdf

Regards,

Santosh
PS:I loved the book otherwise.Quite informative and unbiased as a whole.

Paul Roberts

Hi, Santosh--thanks for the correction and the link. Pretty interesting story.

Ian

As oil prices decrease, so does American innovation, so any long term decrease in price would be very bad for the United States. On the other hand, as oil prices go down, democracy and human rights in petro dictatorships goes up! So decreasing oil prices is very good for millions of people in the Middle East, Africa and Venezuela. The ideal solution is for the US to increase it's energy effeciency DESPITE falling oil prices. Then we can have wealth AND human rights.

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