That's a good chart. Thanks. I see that Peak Oil actually occurred back in 1990, declining to 1991 then declining more to 1992 as well.
Has it not occurred to you that, as with the economic crunch then, with petrol at $3 a gallon and crude oil at $120 a barrel, a lot of people are running for cover, cutting back on what they would like to buy, selling their SUV or simply scrapping it, buying little cars, walking, turning off the heaters, and coolers, flying less [other than Al Gore who is busy saving the world], and wearing woolies?
As you can see from the number of numbers in both the BP and those figures, it would be easy to get the totals not quite right. They are near enough for government work in both cases. I'm not very interested in the third significant figure. We can be more sure that Peak Oil has happened when production is down by about 10%.
We know Iraq could produce a LOT more. Saudi Arabia and OPEC are more interested in keeping production at low enough levels to maintain their lavish lifestyles. The whole purpose of OPEC is production control. There's nothing else for them to do. They could morph into a refinery consultancy organisation or fund research into why CO2 isn't a worry, but their primary purpose is controlling production.
Cheers,
Mqurice |
