PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jurgis Bekepuris who wrote (714)	6/7/2005 12:48:39 PM
From: kryptonic6	Read Replies (1) of 1183

Any substantiation to this point or is this another of gloomy "I believes"? In the 1970's, a 5% shortage led to half-mile long gas lines and to a point where an estimated 20% of gas stations had NO fuel to dispense. After global production peaks, we'll be dealing with a roughly 2% production decline per annum. What leads you to "believe" that catastrophic oil shortages will play out differently today than they did in the 1970's, especially considering there are no swing producers that can offset decline this time (and that the coming oil shortages will be permanent)? Jesse

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next