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To: RightWhale
Already there. This is peak oil.

You're probably right.

Did you see the report from a German group claiming we peaked last year or so? I can probably find it again on the net and send you the link. But it's not great, in my opinion, just a rehash. Nowhere near the class of Matt Simmons.

I've been reading some talk of $160/barrel soon. Think there's anything to it?

31 posted on 11/12/2007 10:17:19 AM PST by liberallarry
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To: liberallarry

No. Not that it couldn’t happen, for example if Iran closes the Strait. The peak might well be quite broad with prices remaining near the present level for several years. 10-15 years from now oil production might well be falling and the alternatives coming on line and the price rising.


33 posted on 11/12/2007 10:20:27 AM PST by RightWhale (anti-razors are pro-life)
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