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July 08, 2008

Boone Pickens only halfway gets Peak Oil

Yes, it’s nice to have someone in the oil patch as famous and rich as T. Boone Pickens sounding the alarm about Peak Oil (overlooking his Swift Boater sponsorship four years ago, and his weaseling out of being called out on it last month, but, he’s clueless about how to address Peak Oil.

Natural gas cars? North America hit Peak Natural Gas earlier this decade; the world will likely do so by 2030, so that’s an obvious nonstarter.

The Snooze writer isn’t much better, ignoring the fact that more LNG cars would push the cost of gas higher.

As well as both Pickens and Ms. Souter ignoring how much NG prices have already spikes this year, in oil’s wake.

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