SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sailing2 who wrote (112613)10/27/2008 7:46:35 PM
From: Ed Ajootian1 Recommendation  Read Replies (7) of 206182
 
oilgeezer/Arthur, thanks kindly for setting me straight on Peak Oil, and also thanks much for your thoughtful words.

I would venture to predict that it will be many years 'till we ever exceed the amount of oil consumption that ocurred during '05. In the US we are already down to consumption levels last seen in '00 or '01. As shown by the below graph of US oil consumption since 1970,



when oil consumption took a hit in the '80 recession, consumption levels didn't get back to pre '81 levels for many years. I realize the rest of the world is consuming more oil but, as we have seen recently, they are more closely tied to the US economy than some may have thought, at least in situations such as what has been going on now with the credit crunch.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News