Subj : Re: Larry King
To   : alt.tv.farscape
From : John Iwaniszek
Date : Wed Aug 31 2005 23:56:17

From Newsgroup: alt.tv.farscape

weirdwolf <Hooowl@hoowl.com> wrote in
news:Xns96C3F2A77A5Er73u67jw56nas@80.5.182.99: 

> John Iwaniszek <Not@hotmail.com> wrote in 
> news:Xns96C3BF19CC368joiwhnanri@66.26.32.9:
> 
>> weirdwolf <Hooowl@hoowl.com> wrote in
>> news:Xns96C3E488061D5r73u67jw56nas@80.5.182.99: 
>> 
>>> Tyler Trafford <ttrafford+usenet@gmail.com> wrote in
>>> news:3nmla3F2a6dfU2@individual.net: 
>>> 
>>>> weirdwolf wrote:
>>>>> Tyler Trafford <ttrafford+usenet@gmail.com> wrote in
>>>>> news:3nmkgoF2a1tqU1 @individual.net:
>>>>>
>>>>>> weirdwolf wrote:
>>>>>>> Steve Brooks wrote:
>>>>>>>> weirdwolf wrote:
>>>>>>>> 
>>>>>>>> <snip>
>>>>>>>> 
>>>>>>>>> Which should lead to the development of brown field innercity
>>>>>>>>> sites and the development of better mass transportation.
>>>>>>>> 
>>>>>>>> Why should there be any move towards better mass transportation
>>>>>>>> when petrol is a mere $4/gallon?
>>>>>>>
>>>>>>> I'm an advocate of increasing fuel prices to the consumer, might
>>>>>>> stop people driving the 15 minute walk to the shop.
>>>>>> 
>>>>>> Wouldn't that just increase cost-of-living and just cause
>>>>>> inflation? 
>>>>>
>>>>> Yes and no. Prices would increase as a result of increased
>>>>> transportation costs, but you could offset that by other means.
>>>>> The cost of living due to spiralling petrol prices is happening
>>>>> anyway, were are talking about the same sort of prices for oil as
>>>>> after the Iranian revolution. It will continue to rise no matter
>>>>> what, instabilities in the middle east and elsewhere, the North
>>>>> sea reserves are draining rapidly, the scarcity of easily
>>>>> accesable reserves mean that unless you switch to an alternative
>>>>> source of power that stuff like tar sands will have to be
>>>>> exploited. More difficult to extract and to actually get to, with
>>>>> a corresponding price increase. A lot of the goods in this country
>>>>> used to be transported by rail I'ld like to see this return.
>>>> 
>>>> What gets me is how the price increases are due not to supply
>>>> shortfalls, but by the threat of possible future shortfalls.
>>> 
>>> No, supply shortfalls are happening now, there is just not enough 
>>> refining capability to produce the right fractions required.  China
>>> has a huge requirement which is getting larger every day. This is
>>> what peak oil is all about. Wether we've reached it yet or not I am
>>> uncertain, lets face it I am way to stupid to understand this kind
>>> of thing, but all the data doesn't look good.
>>> 
>> 
>> Demand is presently exceeding supply.  Or is that merely stating the 
>> obvious?
>> 
> 
>  It's more than that, it's that the supply has reached is maximum 
> possible level and that this downturn in supply is coupled with a
> still increasing demand.
>  Ted
> 
> 

I know what peak oil is.  I was describing the current situation: 
Pumping capacity is less than current demand.

.