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Politics : Rat's Nest - Chronicles of Collapse
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To: Wharf Rat who wrote (74)5/15/2005 9:57:16 PM
From: Wharf Rat  Read Replies (1) of 24230
 
"There are basically six and a half billion people on earth today and five billion of them barely use energy. They all aspire to," says Matt Simmons, chief executive of Simmons & Company, the world's biggest energy-industry investment bank.

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Just as Hubbert predicted for the U.S., a decline in discovery presages a decline in production. Says Campbell: "If you add it all together, you get a peak of what I call ordinary oil in 2005 and a peak of unconventional oil in around 2007. By 2010 volatility comes to an end. Then, terminal decline."

Long article, pre-election, so some politics involved.

Rat

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