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Gold/Mining/Energy : Peak Oil - Not If but When

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From: veritas5011/16/2010 8:59:32 PM
of 129
 
Dr. Hubbert explaining Peak Oil in 1976. Notice how he estimates Peak Oil will occur in 1995 with it possibly being delayed to 2005 because of production reductions by OPEC.

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As I have mentioned, psychological resistance to accepting Peak Oil consists of the following:

1. People ask, "Why isn't the government, media or oil industry (BIG LAUGH) talking about Peak Oil?"

2. People believe there are adequate substitutes for oil, or technology will provide a fix.

3. The sheer scale of the problem throws people. They simply cannot get their minds to comprehend the profound and global consequences of Peak Oil.
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