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: Doug R who wrote (456)	5/4/2005 12:19:11 PM
From: kryptonic6	of 1183

funny...this study says most oil majors won't be peaking until 2008 or 2009: salon.com "Herold is the first Wall Street firm to predict when specific energy companies will hit their peaks. Since last fall, Herold has done peak estimates on about two dozen oil companies. Herold believes that the French oil company, Total S.A., will reach its peak production in 2007. Herold expects 2008 to be critical, with Exxon Mobil Corp., ConocoPhillips Co., BP, Royal Dutch/Shell Group, and the Italian producer, Eni S.p.A., all hitting their peaks. In 2009, Herold expects ChevronTexaco Corp. to peak. In Herold's view, each of the world's seven largest publicly traded oil companies will begin seeing production declines within the next 48 months or so." Maybe they've all been lying about their reserve figures? We'll see... Jesse

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