NASA's Hansen- Keystone XL would be "game over" for climate

[BA Deere]

If we are at "peak oil" why aren`t the oil companies beating that drum the loudest?  I mean if you`re only one with a bin full of corn in the middle of the worst dought and 50 elevators are begging you for it, you would surely let them know it wasn`t gonna be cheap. So, if the easy oil has been pumped and I think it has, why is oil only $100/barrel?   It seems like the `tree huggers` are the only ones worried about peak oil, not the guys selling the oil to us...cheap. 

[hardnox604008]

Because there is an optimum price for money extraction.

Immediate $200 oil gets you $50 oil when the global economy collapses- and fewer barrels pumped at that price.

[r3020]

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@hardnox604008 wrote:

Because there is an optimum price for money extraction.

Immediate $200 oil gets you $50 oil when the global economy collapses- and fewer barrels pumped at that price.

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Only when centrally planned. Markets don't work like that if allowed to operate freely.

[Samnospam]

No the issue you bring up is seperate from what I said, but you might like for corporate owners to have personal liability but no first amendment.

[hardnox604008]

Who says it's a free market?

And even if it was, that is the hole in Free Market Fundamentalism as described here.

Kindly Uncle Miltie's "Free to Choose" left you with the belief that free markets always turn out nice.

Shumpeter was more correct in his "creative destruction" thesis.