Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tommaso who wrote (68177)	6/13/2000 11:57:00 PM
From: AltLar	of 95453

Tommaso, My take is that we are nearing a peak in production -- this year, next year, two or three years after that. After that it is down hill for cheap pumpable crude. Take a look at hubbertpeak.com. Big Dog said this will be the year the world changed. We have used half of the planets supply of pumpable crude in less than two generations, a nano second in geological time. Demand is growing at 2-4% per year. If this year or the year after represents a peak in production all hell is about to break out. The API numbers present data for the forecast, but the important thing to remember is to keep your eye on the climate.

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