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| Labrador Water Dog |
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| The White House |
- Apr 22. PPPL colloquium, Oil and the American Way of Life by Prof Robert Kaufmann. Computer modes predicting the course
of oil prices. Claims oil prices set by the last gallon of oil available, usually thru OPEC. Predicts peak in oil output between
the years 2025 and 2035, depending on the vigor of the world economy after the present slump. Prices afterward? You don't
want to know. He suggests that alternatives be phased in just before this peak. They will lose money for a few years and should
be partially funded by the government. Claims that oil shale and other sources of energy will not make much difference. The
US currrently uses about 1/4 total world energy production.
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