AlterNet - Farmer Richard Randall doesn't believe in the notion of "peak oil," the argument that civilization will soon experience an acute -- and irreversible -- petroleum scarcity that will fundamentally alter our way of life. A 61-year-old wheat and sorghum grower from Scott City, Kan., Randall says he's seen high oil prices before, and that today's expensive petroleum is just part of a natural market cycle that will eventually adjust itself, leading to lowered fuel costs.
"I think there's plenty of oil there," Randall said recently. "I feel that if we allow the marketplace to work without interruption in the supply, we will find a level. It's not going to be as low as it was, but it will come down. We do need to produce oil where we can."
Randall may not be certain when oil prices will level out, but it's abundantly clear to him that $70/barrel petroleum is taking a huge bite out of his business.
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AlterNet - Farmer Richard Randall doesn't believe in the notion of "peak oil," the argument that civilization will soon experience an acute -- and irreversible -- petroleum scarcity that will fundamentally alter our way of life. A 61-year-old wheat and sorghum grower from Scott City, Kan., Randall says he's seen high oil prices before, and that today's expensive petroleum is just part of a natural market cycle that will eventually adjust itself, leading to lowered fuel costs.
