Daily Duck welcomes Oroborous, aka Michael Herdegen
Regular readers of the DD and the BrothersJudd blog will recognize Michael's prolific and insightful commentary on a wide variety of topics. I am pleased that Michael has accepted my invitation to join our editorial staff at the Daily Duck, and hope that you enjoy his wit and prodigious knowledge of technology as much as I have.
Michael and I have an open bet on the price of oil. I have bet him that oil will hit $100/barrel by the end of 2006. Stay tuned for our debates on oil and other economic trends.
Michael and I have an open bet on the price of oil. I have bet him that oil will hit $100/barrel by the end of 2006. Stay tuned for our debates on oil and other economic trends.
posted by Anonymous at 6:06 PM
6 Comments:
How come oroborous doesn't have a cartoon picture like the other three?
Because they don't just GIVE you a cartoon picture, you have to earn a cartoon picture.
Oh, well, good luck on earning it then!
The cartoon picture is in the works.
Oroborous:
I seem to remember you insisting that oil would be going for $35/barrel.
My future as a professional aviator is hanging in the balance.
No pressure, but you better come through.
I seem to remember you insisting that oil would be going for $35/barrel.
I don't think that was me, but if so, I was WRONG.
However, stay tuned - good news on the oil front, I just haven't put it up yet.
Also, I don't see any probable future scenario in which oil goes over ninety real U.S. dollars per barrel for more than a few months at a time, REGARDLESS of future growth in China, India, or anywhere else.
At $ 90/bbl, there would (eventually) be enough oil being produced to satisfy TRIPLE the current demand, or more.
The IMPROBABLE scenarios in which oil would shoot past $ 100/bbl, and stay there, would include a nuclear war in the Middle East, a new Ice Age, (which actually might fall into the probable-but-not-soon category), or the Indian supervolcano erupting again.
Duck believes that the world is near, or past, the peak of oil production, but he is quite simply dead wrong.
If he were to qualify it as "past the peak production of oil costing $ 25/bbl or less to produce", then I might agree.
Anyhow, if the aviation industry can survive on $ 70 oil, then your future is secure.
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