blackjacky2k

Where Have All the Peak Oil Believers Gone?

babak,

this article shows how little you understand what peak oil really means. please do some more home work before you babble. i suggest you consult some of mike stathis work before you write again. he, on the other hand, has a full understanding of peak oil.

peak oil does not state that the world is running out of oil. it states that the world is running out of INEXPENSIVE oil. It also states that the extraction rate is declining. these are all facts. the theory portion of peak oil is that the declining rate will sharply increase at a given moment in time which is unknown. the perfect example is the oil rigs in the baltic sea. check and see how their production dramatically decreased at a faster pace year after year. if i get my geography wrong, i apologize. it's near england somewhere.

the price of oil MUST increase to finance new projects in deep sea and oil sands projects.

i certainly dont see your chart gyrating downward do you?

i am a peak oil supporter, and i am still here like many other people.

thank you for your contribution, although it was useless.