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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (21410)	5/2/2008 7:48:32 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 36917

"I have made my prediction of Peak Oil occurring in 2037." That's nice; you only missed by 32 years.

To: Maurice Winn who wrote (21410)	5/2/2008 8:31:32 AM
From: maceng2	Read Replies (2) \| Respond to of 36917

Maurice, thank you for the correction. You are NOT of the cult of "Infinite Oil". However your prediction of Peak Oil occurring in 2037 maybe off. Another snippet from the same website. Suspicious official estimates of oil reserves from OPEC countries The OPEC countries decided in 1985 to link their production quotas to their reserves. What then seemed wise provoked important increases of the estimates in order to increase their production rights. This also permits the ability to obtain bigger loans at lower interest rates. This is a suspected reason for the reserves rise of Iraq in 1983, then at war with Iran. In fact, Dr. Ali Samsam Bakhtiari, a former senior executive of the National Iranian Oil Company, has stated unequivocally that OPEC's oil reserves (notably Iran's) are grossly overstated. In an interview to Bloomberg in July 2006, he stated that world oil production is now at its peak and predicted that it will fall 32% by 2020.[48]