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Half of the CFO's think we are at or near Peak Oil now.
Energy CFOs Are Split on World's Peak Petroleum Production Rate, According to BDO Seidman, LLP... - Forbes.com...48 percent of chief financial officers (CFOs) at U.S. oil and gas exploration and production companies agree that the world has reached its peak petroleum (liquid hydrocarbon) production ...
Last edited by vfx; 11-12-2009 at 08:35 AM.
The world loves to be deceived.
Tony originally Posted this:
The Joy of Tech comic... laughter is the best tech support.
The world loves to be deceived.
Follow-on to the above:Originally Posted by dpeilow
Response to ‘Peak Oil’ Critics (the hydrocarbon age is still young: plan accordingly) — MasterResource
Hope you have your EV picked out.Key oil figures were distorted by US pressure, says whistleblower | Environment | The GuardianThe world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims it has been deliberately underplaying a looming shortage for fear of triggering panic buying.
International Energy Agency (IEA)
The world loves to be deceived.
http://green.autoblog.com/2010/03/25...ion-of-inflat/
This point is emphasized by two recent articles, one from the Sydney Morning Herald that says that we have a lot less oil reserves underground than we've been led to believe and the other directly from Shell that says that a whole bunch more oil was just discovered in the Gulf of Mexico
Last edited by vfx; 03-28-2010 at 06:53 PM.
The world loves to be deceived.
Consider an oil war where the agreement is that the Saudi's and the rest of the world agree to keep using oil until it runs out at about the same time. From a supply/demand perspective, neither wants to run out first because running out means you are at the mercy of the other.
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