Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (152006)	12/11/2010 1:03:01 PM
From: Wharf Rat	Read Replies (3) \| Respond to of 542552

So do lots of folks. When the crash hit, oil producers kept pumping, using floating shortage. That's being drawn down & may be gone by June. Oil and gasoline are already going up. Gonna be demand destruction all over again. I doubt we will ever get back to consuming the equivalent of 20.7 MPBD. Well, we will eventually get back to the good old days, but that won't happen until we build out a green economy...Hirsch of the Hirsch Report sez things will be fine by 2050 (altho he only looks at energy, and not climate). China is using what we gave up. Can't grow without energy. Wishing won't do it. Here's where we are now.. back up to 19.09 MBPD eia.doe.gov A report from the American Joint Forces Command published March 15 predicts that in 2015, the world capacity for petroleum prouction could be 10 million barrels per day less than the demand. The report of the American Department of Defense (DoD), titled Joint Operating Environemnt 2010 indicates (page 29): "By 2012, surplus oil production capacity could entirely disappear, and as early as 2015. the shortfall in output could reach nearly 10 MBD." energybulletin.net Uh, 2012 comes in 395 daze.