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

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From: veritas5014/26/2011 11:42:46 PM
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There is an interesting quote of King Abdullah of Saudi Arabia from 2007 in the book Bad Money by Kevin Phillips:

"The oil boom is over and will not return. All of us must get used to a different lifestyle."

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Drygulchdan: What I have said is global oil production has been essentially flat since early 2005 despite historically high oil prices and this is an indication a peak in global oil production has been reached. The world won't know for sure until oil production irreversibly declines.
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