A few more choice words from Grantham: “The idea of ‘peak oil demand’ as opposed to peak oil supply has gone, in my opinion, from being a joke to an idea worth beginning to think about in a single year. Some changes seem to be always around the corner and then at long last they move faster than you expected and you are caught flat-footed
Grantham sells fear.
I had dinner four weeks ago with the government’s lead expert on this injection and my experience dates back over two decades that basically the method is quite safe.
That being said, the name Evans immediatey came to mind. Suggest study for everyone to consider and learn something: http://geosurvey.state.co.us/hazards/Earthquakes/Documents/ERC/THE%20DENVER%20EARTHQUAKES-HEALY%20AND%20OTHERS%201968.pdf
>> “Grantham sells fear.” <<
.
Of course.
What do newspapers sell?
Two weeks ago the Contra Costa Times was promoting fear in an article titled “Mega-Drought.” Now that the heavy rains are back, this morning it was “flooding.”
Logic anyone?
Why are we supposed to be made fearful by “peak oil demand.”
All it means is that demand will peak and then begin to decline. This will result in oversupply and lower prices. (Which should result in an uptick of demand, but that’s not important right now.)
Lower demand and prices for oil will mean reduced influence for petro-states. What’s to be fearful of?