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

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

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To: Triffin who wrote (109)	2/20/2005 4:31:08 PM
From: kryptonic6	of 1183

demand figures I've seen indicate 80 mbpd ( million barrels per day ) rising to 120 mbpd by 2025 .. Maybe we won't be able to produce the upper amount ?? I would recommend Heinberg's "The Party's Over" (2003), which explains how most of the OPEC countries wildly (and simultaneously) inflated their reserve figures between 1986 and 1987 for financial considerations. See oilempire.us about 3/4 down the page for a graph of the reserve inflation during the 1980's. The USGS has ADMITTED that their projections for production capacity are merely a function of demand (i.e. we project 120mbpd demand in 2020, so supply will be 120mpbd). 120mpbd production capacity on this Earth is a fantasy unsupported by the wealth of evidence and data. The United States Geological Survey could have given a few tips to the bookkeepers at Enron. I would assume that each segment above has a current capacity in excess of current demand of 80 mbpd .. According to most of the experts and data available, not significantly. Matthew Simmons believes that Saudi Arabia is rapidly approaching the point where it cannot significantly increase capacity to meet demand. He has a new book coming out soon which I would recommend: amazon.com Again, I would recommend reading all of the sites listed in the thread header, or any book by Heinberg, Campbell, or Deffeyes. The question that's still up in the air for me is who will profit the most from $40-60/barrel oil over the next couple years? If you're looking for a safe investment, XOM or BP are a good bet. My problem is that I know lots about Peak Oil but almost nothing about investing. I'm still trying to figure out a way to get a higher return...any suggestions would be very much appreciated. Jesse P.S. LNG has a number of limitations, see fromthewilderness.com mnforsustain.org

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