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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (10095)	6/27/2009 3:58:20 PM
From: TimF	Read Replies (1) \| Respond to of 86356

It isn't the best written paragraph, but its point are pretty valid IMO. Peak doesn't imply "peak quickly followed by massive dropoff". It could be a plateau, a shallow decline, a temporary peak with later peaks that are near or even above this peak, or a peak because of reduced demand. If consumers get serious subsidies and esp. if they get larger subsidies as the price increases thus countering the price pressure to reduce demand, than your more likely to get the sudden drop off not based on reduced demand scenario. You had a somewhat sharp dropoff in US production (not falling off a cliff type of dropoff, but it wasn't a plateau either), but that's because world supply kept the price from rising as much. If the US couldn't import oil, than the price would have risen a lot more and the dropoff of supply would not have been as quick.