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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Tommaso who wrote (63572)4/28/2006 6:45:04 PM
From: Dennis Roth  Read Replies (1) of 206326
 
>>>> because I believe that the single most important factor in determining when the world really does hit peak oil production will be geopolitical issues, not geologic ones.<<<<

>> A perfectly absurd statement. Politicians do not create oil. Politicians do not find oil. Politicians do not pump oil. Oil comes out of rocks.<<

But politicians restrict production with incompetent state owned oil companies, punitive taxes on production, and setting areas off limits to production. So oil production will peak long before simple geology would indicate because there is no unfettered access to the rocks for those with the best technology.
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