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 : Peak Oil - Not If but When

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: veritas5015/2/2010 7:49:18 PM
of 129
 
If there is proof positive of Peak Oil in the corporate world it's BP. The portfolio of BP's oil production is high risk, from the deepwater of the Gulf of Mexico to its Russian joint-venture TNK-BP to its recent acquisition of drilling rights in Iraq. Why is BP engaging in these high-risk ventures? Because it has no other choice. North Sea oil production is declining and Britain has become a net oil importer.

The world is in for very grim times indeed.

I found a presentation on the oil industry which has some very good graphs. It's in pdf format and is available at:

swiber.listedcompany.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext