Timmy ElsewhereJune 5, 2008 Tim WorstallTimmy Elsewhere1 CommentSpeccie High oil prices mean that the (long term) supply of oil is rising and old bureacuracies never die. previousWheeeenextYou\’ve Heard This One Before. 1 thought on “Timmy Elsewhere” john b June 5, 2008 at 3:54 pm Jim Bliss has explained quite a few times that there’s a big difference between the *financial* and *energy* cost of oil. In other words, it might well be *financially* viable to pump oil which requires more energy to extract than it generates when burned (because oil is a more convenient way to power cars than hydrogen), but this won’t do anything to secure energy supplies. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.