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Politics : Mainstream Politics and Economics
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To: Wharf Rat who wrote (38911)2/12/2013 12:48:31 AM
From: i-node2 Recommendations  Read Replies (1) of 85487
 
>> World oil peaking is going to happen, and will likely be abrupt.

World production of conventional oil will reach a maximum and decline thereafter.

Yeah, I know. We've been hearing about it for decades. Meanwhile, oil production in the US is at the highest level in 20 years and that is the tip of the iceberg. And natural gas reserves are increasing daily.

Peak Oil is coming. Crap.
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