[extropy-chat] Peak Oil news

[Samantha Atkins]

On Mar 8, 2006, at 6:52 AM, Lee Corbin wrote:
> Perhaps you miss my point:  I (and others) were complaining
> that people *don't* bet on Peak Oil who rationally *should*
> be betting. Your examples are of a lot of loons, or people
> just having fun. As Hal implied, those betting on oil
> futures are most often professionals.
>

I have been betting on Peak Oil to the extent I find the market  
rational.  For instance, I predict that for every dip in the price of  
oil that it will come back up again as high or higher quite shortly  
due to what I believe regarding the fundamental validity of Peak  
Oil.  I have been going long in these dips for over a year now and  
selling and going short when normal market perturbations start to  
cause a fallback.   This has been a winning strategy.    It is not,  
for reasons already covered, so reasonable to buy a far out of the  
money call for many years hence.  So can we move along to something  
of a bit more substance than the self-satisfied dismissal of Peak  
Oil, Global Warming or whatever else is generally looked down on with  
justification based on strained rationalizations?

- samantha