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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (113667)	5/7/2008 12:58:13 AM
From: E. Charters	Read Replies (1) \| Respond to of 313570

Russia and Opec were left out of the one graph. I believe Opec has peaked. I believe Saudi has peaked and Kuwait is in decline now for 2 years. World oil discovery peaked in 1960. Opec SA is in decline at a rate of 1.02% per year. Mexico's largest field is in decline at 13% per year due to too fast historic production. US has been in serious decline for 38 years. Actual is dots, predicted by Hubbert is blue. Some argue the watershed year for an increasing rate of decline of reserces and a serious increase in prices is 2008. Some believe this could lead to a collapse of the world economy. "Yes, there are finite resources in the ground, but you never get to that point." — Jeff Hatlen, an engineer with Chevron Abdullah S. Jum'ah, President, Director and CEO of Aramco, states that the world has adequate reserves of conventional and nonconventional oil sources for more than a century[93][94], though Sadad Al-Husseini, a former Vice President of Aramco who formerly maintained that production would peak in 10-15 years, stated in October 2007 that oil production peaked in 2006[7 Gold and oil graph is very similar. This is oil below. EC<:-}