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[bob ford <bobford79 AT yahoo.com>]

I was hopinf that someone would add clarity.  Thanks.  This is not a subject 
with which I am completely comfortable.  That is the reason I didn't add any 
comments of my own.  

What I see, just from a citizens pov, is that while demand destruction is 
occuring, I also see supply destruction.  Those Canadian companies that were 
gung-ho on the 'tar-sand-oil'?, are having to sit back because productions 
costs are too high at this ppb level.  And, I read that other projects are 
being put on hold.  

Also, the article says "2030".  That is not that far away .............bobford


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--- On Wed, 11/12/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

> From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
> Subject: Re: [Homestead] IEA dismisses 'peak oil' fears, this am
> To: homestead AT lists.ibiblio.org
> Date: Wednesday, November 12, 2008, 6:59 AM
> > >IEA doesn't see peak oil by 2030
> 
> Bob, the IEA has been a peak oil denier from the beginning.
>  They are in the 
> same category as the NAR that consistantly predicted that
> there was no housing 
> bubble and once the bubble burst they have been predicting
> that the bottom of 
> the housing market is just weeks away.  There are whole
> internet sites 
> devoted to ridiculing them.
> 
> Just as the NAR is a cheerleading group and has little or
> nothing to do with 
> actual analysis of the economy, the IEA is a cheerleading
> group for the oil 
> industry and always reports whatever is good for oil sales
> and profits.  They 
> have *always* dismissed peak oil fears.
> 
> They have also been incorrect in just about every supply,
> price, production, 
> and inventory prediction they have made.
> 
> 
> James
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