Letters to the Editor

This letter is associated with the following article:
The words the Wall Street Journal dare not speak: "Peak oil."
  • Wolf! Wolf!

    The problem the peak fill-in-the-blankers are having is that they've been screaming this for over 30 years. There's been someone saying we were right on the verge of running out of something for so long now, without it actually happening that no-one believes them any more. Eventually, it will happen, these are all finite resources, however they've been way off on when it'll happen up to this point. They may be correct now, but they've lost credibility.

    There's a semi-famous individual (economist? scientist?) who has been offering bets that commodities will be cheaper in 10 years then they are at the time of each bet. So far, though no-one has taken him up on it, he wouldn't have lost a single time. At this point, we'll need to see something run out before anyone starts believing again and unfortunately, it'll probably be oil that provides the example.