Wednesday, June 22, 2005

Boone Pickens Sees Oil Prices Going Higher

Yahoo! News

Like Oil Drum has said, what's going on with all the Pollyannas this week? The peakniks must be making a dent in the press about oil depletion so the position is being counter-attacked. That's fair. I was wondering when the opposition was going to rear it's ugly head!

Being a peaknik, I definitely believe we're going to see higher prices for awhile. I also think oil will drop after demand sinks due to either economic woes or just plain high prices and switching to alternatives. I think all of us peakniks understand this scenario. It's just trying to communicate this to the public that will be the difficult part. The pollyannas just don't tell the whole story, do they?

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