Thread: Oil Peak
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Old 05-07-2008, 10:04 PM   #2
richlevy
King Of Wishful Thinking
 
Join Date: Jan 2001
Location: Philadelphia Suburbs
Posts: 6,669
Quote:
Originally Posted by Troubleshooter View Post

Here's an interesting article relating to scientific predictions about the future and how wrong that can be and how wrong the consistently are.

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http://www.reason.com/rb/rb020404.shtml
Quote:
Even the generally alarmist Worldwatch Institute acknowledged in its 2001 Vital Signs report: "Nonfuel commodities now fetch only 46 percent as much as in the mid-1970s." Indeed, Worldwatch admitted, "food and fertilizer prices are about one-fourth their 1974 peak." Even the price of crude oil, which has risen in the last couple of years, "nevertheless remains at about half the zenith it achieved in 1980." In fact, overall, nonfuel commodities cost only a third of what they did in 1900. As everyone knows, lower prices generally mean that things are becoming more abundant, not scarcer.
So everything was rosy in 2004. I'd like to see what he would tell them today.
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