Quote :

"LoneSnark: The human race can easily weather peak oil, we've done it a few times before."

Wouldn't that mean it wasn't exactly a peak before?

[Edited on April 15, 2008 at 5:02 AM. Reason : ?]

4/15/2008 5:01:36 AM

In mathematics they would be called local maximums.

But what is the difference? Oil production peaked and fell dramatically for a decade before reaching a local minimum and resuming growth. The people living through it had no way of knowing the falling production would ever be arrested, much less that oil production would again one-day dramatically exceed the earlier peak.

4/15/2008 9:23:52 AM

the video

Attn 51% of America: SURPRISE BUTTSECKS! THE OTHER 49% WAS RIGHT!

http://www.cnbc.com/id/24485910

5/7/2008 1:59:35 AM

Quote :

"Oil blew past $122 after a Goldman Sachs analyst predicted a “super spike” in the next two years. Is this the new normal for crude?"

When have oil prices ever been 'normal'?

WTRG upgraded their graph, BTW:


[Edited on May 7, 2008 at 11:17 PM. Reason : .,.]

5/7/2008 11:15:41 PM

why in the buttfunk is the world's largest extracter switching to heavy? and why the hell won't they ever be straight up about how much they have left? i'm not just trying to win an argument...

http://tinyurl.com/58oj7l

6/9/2008 3:42:31 PM

just incase there were still doubts:

http://www.businessweek.com/bwdaily/dnflash/content/jul2008/db2008079_865368.htm?link_position=link1

7/12/2008 1:09:58 AM

http://www.mnweekly.ru/business/20080710/55337246.html
MOSCOW -- Swedish oil company Lundin Petroleum announced it has made a major oil discovery in Russia's north Caspian Sea. The discovery was made during exploratory drilling on the Morskaya-1 well on the Lagansky block, which has estimated reserves of more than 800 million barrels of oil.

"This is a world class oil discovery which has confirmed the excellent prospectivity of the Lagansky block," said Ashley Heppenstall, President and CEO of Lundin Petroleum.

Drilling is expected to commence at the end of September, and Lundin Petroleum plans to drill a further two wells in 2009.

7/15/2008 4:10:56 PM

Built any new refineries lately?

Or are we still playing the "crude supply" shell game?

7/15/2008 4:12:57 PM