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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?


To: longnshort who wrote (1130)8/5/2006 10:52:33 AM
From: Doug R  Read Replies (2) | Respond to of 1183
 
bongnsnort, Sakhalin is old news. I knew about it. You didn't know the name. You didn't give a name.
To make up for depletion + demand growth, 20 Sakhalins per year need to come on line...3.6 million bbls/day.
You referenced some unnamed oil from Russia as if it was all that was needed. I can see why you left out ALL details...180,000 bbls/day is a mere drip. You're clearly clueless.

I never said "the sky is falling"...that is not what's happening.
Recall what I said about Hiroshima...anyone there at the end of WWII who warned that an nuclear bomb would be dropped on the city would have been called a "gloom and doomer" by you in your attempt to deny reality. Are you at all aware that gloom and doom does happen...with regularity. Just ask tsunami victims in South East Asia or earthquake victims worldwide.

Global production of oil is in the process of peaking while global demand is increasing.