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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (83354)	4/20/2007 9:44:37 PM
From: elmatador	Read Replies (1) \| Respond to of 206326

Peak Oil already passed and no one noticed." most damning evidence possible that peak oil is a bunch of hype? It already happened, and nobody noticed. Conventional oil production peaked, but "oil" production is soaring, and the world economy is booming. The doomer position has always been that oil is special, and alternatives like gas and unconventional oil can't take up the slack when conventional oil declines. And yet that's exactly what's happening. According to Campbell himself, heavy and NGL (Natural Gas Liquids, which aren't even oil at all) accounted for 11% of world "oil" production 5 years ago. So when are we going to start switching to alternatives? The answer is: we already started a long time ago. 2) Campbell's forecast value of 82mbd for world production in 2005 is clearly wrong. Look at the actual stats from the EIA (world oil production in thousands of barrels per day): peakoildebunked.blogspot.com