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: Jurgis Bekepuris who wrote (976)	9/28/2005 5:02:29 PM
From: kryptonic6	Read Replies (1) of 1183

Shutting down of oil refining is NOT Peak Oil. It is actually the opposite, it will prolong time to the Peak Oil since no oil is being produced / refined in meantime. The oil that is not being produced / refined will not dissapear from the oilfields or tankers because of the closures. This is assuming that all of the lost capacity will be rebuilt. It remains to be seen how much of the lost capacity can/will be brought back online, particularly the offshore rigs. See "Rita damages Chevron platform, several rigs missing", today.reuters.co.uk I agree that Ruppert's alarmist comments are not winning over the general public, but reality is reality regardless of what the general public thinks. By the end of this Winter we will know whether or not Ruppert's projections were alarmist. Having this capacity knocked out is only further straining the balance between global supply and demand, making immediate shortages worse as the U.S. scrambles to obtain more supply. I don't see how bringing Gulf capacity back online at a later time will change the global supply situation - just look how strained it was in the months BEFORE Katrina. Jesse

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