Comment

Sep 30, 2010paul1 rated this title 1 out of 5 stars
Well this book deserves to be put along with Paul Ehrlich's The Population Bomb as an overhyped tome on a non-existant non-upcoming crisis. It seems like lots of people are looking for some sort of doomsday, scriptural or environmental. Recent oil price history puts the lie to Rubin's theory about oil starvation (after peaking at $140 it went down to about $35, as of sept. 2010 it is around $75). After if oil is truly running out should not the price trend continue inexorably upward, not bounce up and down? Readers looking for more nuanced arguements on long term resource prices would do well to explore the writings of Julian Simon or Matt Ridley. I use the data from www.nyse.tv/crude-oil-price-history.htm (showing a price of $36.51 bbl on 16 Jan.2009 and showing a decline from $113.91 on 29 April 2011 down to $91.16 on 24 June 2011 and as of Dec.2015 the price of oil is still under $40 per barrel).