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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: AC Flyer who wrote (13316)1/11/2002 2:44:14 PM
From: Moominoid  Read Replies (1) of 74559
 
The thing about oil is that fairly reliably in all regions that have been explored for oil there is a bell curve of discoveries that peaks and then declines. The peak in discoveries precedes the peak in production that follows the same path. Things like enhanced recovery help extended the tail on the downward slope but it is still inevitable. All the evidence suggests that discoveries have peaked in all major oil regions. There could be oil in Antarctica or somewhere (but expensive). However, the eventual running out of oil doesn't have to mean doom and gloom. Technology is continually advancing....
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