Saturday, May 31, 2008

This Weekend's Contemplation - Peak Oil

Due to the recent run up in the price of oil the news has been full of a series of articles on "peak oil". In my mind peak oil is a very simplified (and misleading) explanation of what is occurring in an extremely complex market that includes a whole host of geological, technical, market place, and political issues. Below is a link to an interview with Matt Simmons, an energy investment banker, that has been in the business a long time. The reason I like the interview is because he discusses many of the technical issues (problems) involved in oil production. From CNBC:

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