| To: Wharf Rat who wrote (21474) | 5/5/2008 1:19:19 PM |
| From: Maurice Winn | Respond to of 36892 |
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Wharfie, the point was that as you travel back looking at the production figures, you come across declines in production. Those declines didn't mean that the peak just gone was Peak Oil.
Similarly, we should get a decline this year in oil production as people cut back. You should see how grim people look at petrol stations as they hang onto the nozzle as the fuel pumps register many dollars to be paid.
With their houses going down the gurgler, they are feeling impecunious. One thing they can do to save money is not buy petrol. That means production will drop as people don't want to pay so much.
People recommended the post not because they really thought 1990 was Peak Oil, but that the idea was right = one swallow doesn't make a Global Winter. I doubt that they are numerically challenged.
Mqurice
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