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Politics : Foreign Affairs Discussion Group
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To: Hawkmoon who wrote (186337)5/9/2006 4:14:55 AM
From: Maurice Winn  Read Replies (2) of 281500
 
Hawk, you'll be pleased to know that supply and demand are almost perfectly in balance and demand is NOT outstripping supply. In fact, supply exceeds demand somewhat because there is a bit of spillage and evaporation here and there, so not all the supply makes it to an end user, or the combustion chamber. <if the experts can be believed, the production of oil is not keeping pace with the demand from the global economy. >

If you check BP's Statistical Review of World Energy, you'll see oil production continues to increase and reserves are steady, so we have not reached Peak Oil yet. But we have reached Peak People in Japan, Germany and I think Italy. And maybe elsewhere. It might even be that Peak People precedes Peak Oil as demand can continue to increase even as the population reduces.

In the event of humanized H5N1, Peak People might occur within a year. But it has missed out this northern winter. It will have to try again next winter.

Mqurice
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