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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From: Mahatmabenfoo	5/16/2005 8:32:31 PM
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Don't read this "This is a new era," Mr Simmons told a conference of oil industry analysts, government officials and academics in Edinburgh. "There is a big chance that Saudi Arabia actually peaked production in 1981. We have no reliable data. Our data collection system for oil is rubbish. I suspect that if we had, we would find that we are over-producing in most of our major fields and that we should be throttling back. We may have passed that point." pnionline.com Wha?????? Simmons has said that if S. Arbia has peaked, then categorically the world has peaked. But in fact he suspects it peaked long ago -- and is artificially forcing output, reducing the lifespan of its wells. so... that means they don't peak and decline, they continue to gush and then stop? As one of our nation's first television babies, I protest. This is not very good writing. Well (he says, trying to impersonate a conspiracy theorist) this is the fact that Cheney discovered only recently that caused him to up the stakes... - Charles

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