{"id":534163,"date":"2010-04-19T09:26:00","date_gmt":"2010-04-19T13:26:00","guid":{"rendered":"tag:blogger.com,1999:blog-9864176.post-8597405847231119716"},"modified":"2010-04-19T09:28:09","modified_gmt":"2010-04-19T13:28:09","slug":"peak-oil-is-soooo-may-of-2008","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/534163","title":{"rendered":"Peak Oil is Soooo &#8230;. May of 2008"},"content":{"rendered":"<p>Paul Kedrosky has a post on waning interest in peak oil ion spite of climbing oil prices &#8211; <a href=\"http:\/\/paul.kedrosky.com\/archives\/2010\/04\/peak_oil_is_soo.html\">Peak Oil is Soooo &#8230;. May of 2008<\/a>.<\/p>\n<blockquote><p>Despite gas prices having climbed a good chunk of the way back up to 2008 levels, the level of worry about higher prices hasn&#8217;t seemed as high this time around. To test that, I pulled data from Google Trends on searches for &#8220;peak oil&#8221; and compared that to WTI crude prices over the same period. As this graph shows, while the two moved up together in 2007\/2008, this time around &#8220;peak oil&#8221; and higher prices have disconnected in the public awareness &#8212; at least for now.<\/p>\n<p>Why might that be? One explanation is that oil prices haven&#8217;t climbed as fast as they did in early 2008, with the slope of the ascent being a primary source of worries. Second, with consumers having seen prices considerably higher than today&#8217;s just two years ago, perhaps they have become desensitized to oil at &#8220;merely&#8221; $87 a barrel. Of course, if either or both are true it wouldn&#8217;t take much to turn around perception and have people paranoid about peak oil again: higher prices or a faster ascent would do the deed in short order.<\/p><\/blockquote>\n<p><\/p>\n<div align=\"center\"><a href=\"http:\/\/paul.kedrosky.com\/archives\/2010\/04\/peak_oil_is_soo.html\"><img decoding=\"async\" src=\"http:\/\/paul.kedrosky.com\/WindowsLiveWriter\/PeakOilisSoooo.Mayof2008_14749\/peak-oil-graph_thumb.png\"\/><\/a><\/div>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-2189376323632485\";\n\/* 728x90, created 5\/18\/08 *\/\ngoogle_ad_slot = \"3866831776\";\ngoogle_ad_width = 728;\ngoogle_ad_height = 90;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/9864176-8597405847231119716?l=peakenergy.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/D6YvF-NTgLRR8enKSgb2Fc5f6Uw\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/D6YvF-NTgLRR8enKSgb2Fc5f6Uw\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/D6YvF-NTgLRR8enKSgb2Fc5f6Uw\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/D6YvF-NTgLRR8enKSgb2Fc5f6Uw\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paul Kedrosky has a post on waning interest in peak oil ion spite of climbing oil prices &#8211; Peak Oil is Soooo &#8230;. May of 2008. Despite gas prices having climbed a good chunk of the way back up to 2008 levels, the level of worry about higher prices hasn&#8217;t seemed as high this time [&hellip;]<\/p>\n","protected":false},"author":763,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-534163","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/763"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=534163"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/534163\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=534163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=534163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=534163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}