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Politics : Foreign Affairs Discussion Group
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To: Maurice Winn who wrote (186355)5/9/2006 9:45:01 AM
From: Hawkmoon  Read Replies (3) of 281500
 
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.

This is why I didn't state is as a fact, but as an opinion of some "experts" who have long been predicting "peak oil".

You and I know that "peak oil" is level that can be directly impacted by market forces and its achievement delayed to a later date. The higher the price of oil, the more fields that become commerically viable.

But I thihk we all have to recognize that oil is a limited resource and eventually WE WILL hit peak oil. The question is whether in the course of that journey oil production declines as a result of a lack of viable oil fields that are cost competitive to alternative energy sources, or just because we've run out of exploitable oil deposits. I tend to believe it will be the former. Market forces drive the price of oil.. and when that oil becomes more expensive that alternative energy sources, the global economy will have the economic incentive to switch.

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.

Malthus would be proud of you.. ;0)

Hawk
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