The Epic American Credit and Bond Bubble Laboratory 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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: orkrious who wrote (89151)	11/24/2007 11:24:47 PM
From: daveinmarinca	of 110194

Stuart Staniford's excellent study at <http://www.theoildrum.com/node/3236> shows the path forward. Staniford's 4% depletion number would result in a grinding, prolonged global recession. However, Matt Simmons weighed in this past Monday in the WSJ with the following, "Mr. Simmons scoffs at estimates that production from proven fields will decline only 4.5% a year. He thinks a more realistic rate of decline is 8% to 10% a year, especially because modern technology actually succeeds in depleting fields faster. " www1.investorvillage.com IMHO, Simmons 8 to 10% number is more likely and will have a dramatic, accelerating and irreversible impact on the world economy, finances and politics. Watch TOD in the months ahead for Staniford to revise Figure 1 continuing the depletion slide.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next