One of the best talks I’ve seen by an oil industry analyst.
The Center on Global Energy Policy hosted a presentation and discussion with Steven Kopits, Managing Director, Douglas-Westwood, on the different approaches to global oil market forecasting. Mr. Kopits’ remarks focused on both supply and demand-based methodologies, including how these models result in different assumptions and implications for oil supply (OPEC and non-OPEC), total oil demand and oil price. He also reviewed other key drivers such as changes in the transport sector and overall economic growth and discussed how these variables can further impact oil demand and supply.
This is my favorite talk on limits to growth, the most important topic almost no one discusses, including people who should know better, like the Green Party.
Note that Murphy does not mention the explosive worldwide growth in debt, which is the only reason the game has continued longer than engineers like myself predicted it should.
The problem with our reliance on debt is that when the correction comes, it will be much more violent and damaging than it needed to be, which is another topic that the Green Party, and almost everyone else, does not discuss.
In summary, the most important things we should be discussing, are the things we never discuss.
Isn’t that an amazing behavior for an otherwise intelligent species?