Did you actually read these papers? Simply providing “links” that counter an argument does not necessarily make them valid. I’m sure I could find “proof” online refuting the holocaust, global warming, & that cigarettes don’t cause cancer.
Here is the first few lines from your first link:
[quote]The Peak Oil Myth… Don’t Go Broke On This Popular Investing Fallacy
by Alex Green, Investment Director, The Oxford Club
At an investment conference last year, I ran into an attendee who told me he had just put his entire fortune into oil stocks. Sadly, this was just as oil was crossing the $75 mark.
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With oil at $140+, I fail to see how this supports your point.
The second paper actually provides evidence contrary to its premise (which I suppose emulates your own behaviour). Here are a few examples taken from throughout the text:
[quote=snips]It is also generally accepted in the industry, as I understand it, that we have probably found all of the major oil reserves that we are going to find.
However, As Nymex and Brent prices were bid up past the $50 mark last autumn…
I’m not a geologist or a geophysicist, so I do not know whether crude oil and natural gas are made from biomass ….. or whether the complex hydrocarbons we extract from the earth are “inorganic” – the result of time, heat and pressure acting upon chalk, water and a few other odds and ends chemicals.
But as demand across the world rises, and the call on the resource increases, the price will likely slowly but inexorably rise. Efficiency and conservation will buy room, but the economic affect of using less and using more efficienctly is equivalent to increased production, and those extra barrels will be used by someone somewhere. And for those wishing for an end to Saudi influence on the oil market, officials with the Bush Administration have said that a 120-million-barrel-pay day world is going to need 20 million barrels each day from Saudi Arabia, making the world more, and not less, dependent on the Gulf kingdom. (One former Aramco executive said 20 million barrels per day will be impossible to reach.)
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The third link is from a blog, referencing an outdated report by CERA, who possess a less then stellar track record forecasting oil industry s/d and prices.
The fourth is essentially a paper debating the future of driving in the US. It generally accepts that the world is running out of cheap oil, and that alternatives will be available (albeit at a significantly higher price), which is essentially what peak oil is all about.
Finally, you state that we should consider demand. A valid point, albeit diametrically opposed to your premise of democrats driving up the cost of gas by limiting supply.
