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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (38932)	8/18/2008 12:22:37 AM
From: glenn_a	Read Replies (1) \| Respond to of 217887

Hi MacR. ((there's still nuclear and hydrogen ... the fact is Canada has plenty of oil and gas ... Btw, Iraq still has plenty)) Those are pretty sweeping generalizations. I'm at work right now, so I don't have access to my data. But Canada has already passed peak production of both oil and gas. The US passed peak production years ago, in the early 1970's. There's no analyst encountered that feels any alternative source has a remote chance of replacing the cheap oil. And all new sources, including Iraq, past about 2012, won't make up for the depletion rates of existing fields. The data is really quite scary in this regard. If you'd like me to post the hard data, I can certainly do so over the next few days. glenn