Schork on Peak Oil, The Mob and Monty Python

At the moment there are fourteen comments on the post below, most forcefully (if not stridently) expressed and almost all of them un-actionable. C'mon guys, if figuring out the oil biz is so easy give us a direction and magnitude call.
(I'll try to grope around for an instrument to make use of the insight)
From FT Alphaville:
Recollecting the false messiah of peak oil

Oil prices continue to decline, with WTI currently leading the charge:

So where are the oil bulls of 2008 now?

Hard to say. But long-standing oil market watcher Stephen Schork, of the Schork Report, offers some colourful views on the topic this Wednesday. They come in the shape of a somewhat self-congratulatory nostalgic yarn, but it is worth the read, in so much as it really takes you back to how things were back in those scary September days.

Here he goes:

Back in September 2008 we were in Vienna giving a presentation to our friends at OPEC. In between copious amounts of Sachetorte and Grüner Veltliner, we had the opportunity to sit down with one of the largest hedge fund managers in Austria. At the time, crude oil on the NYMEX was imploding. That is to say, after peaking at a record $147 that July, the market was in the midst of the correction and was trading around $110 that September....MORE

(He’s not the peak oil messiah, he’s a very naughty boy – Ed.)