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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: Slagle who wrote (6240)5/10/2006 2:56:22 PM
From: elmatador  Read Replies (1) of 219198
 
Oil production in the North Sea peaked in 1999 and has
declined by 39% to 2005. Gas production peaked in 2000
and has declined by 45% in the same period.

Failure to
anticipate these peaks by UKOOA (the United Kingdom
Offshore Operators Association), the DTI (Department of
Trade and Industry) and the International Energy Agency
(IEA) has resulted in an apparent shortage in 2005/06 United
Kingdom winter gas supply and earlier than expected
dependence on net foreign oil imports.

I find strange that it wasn't anticipated! Most likely not disclosed.
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