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To: Truth666
It could be five years from now or 30: No one knows for sure, and geologists and economists are embroiled in debate about just when the `oil peak' will be upon us. But few doubt that it is coming.

But among the few who doubt it's coming are some who have solid reasons for doubting it, reasons that are based on evidence, not on myths about the origins of petroleum and extrapolations of scarcity based upon them.
3 posted on 06/02/2004 6:36:16 AM PDT by aruanan
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To: aruanan

They'll never figure in the fact that the increased profits will compell companies to look for oil in places they once wrote off as too expensive (offshore) or onshore wells that were less profitable. Essentially they can get 25-40% MORE cash from the same well now as they could a few years back.


5 posted on 06/02/2004 7:06:14 AM PDT by ruiner
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To: aruanan

you have been studing too many facts. your brain will explode not from your knowledge, but from trying to ward off fools.


12 posted on 06/02/2004 8:33:13 AM PDT by q_an_a
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To: aruanan
But among the few who doubt it's coming are some who have solid reasons for doubting it, reasons that are based on evidence, not on myths about the origins of petroleum and extrapolations of scarcity based upon them.

I keep calling Paul Erlich to see if he wants to bet me on the price of a barrel of oil in the next 5-10 years (ala the late Julian Simon).

He hasn't returned my calls.

13 posted on 06/02/2004 8:38:15 AM PDT by TomB ("The terrorist wraps himself in the world's grievances to cloak his true motives." - S. Rushdie)
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