[Toddsterpatriot]

“.. in 15 years there is not going to be any oil at any price unless something dramatic happens”

His bad math still makes me laugh.

So your prediction matches his even though you are trying to play got-ya

No. I said that even if his prediction comes true, reserves down 6.7% a year, there will not be zero oil. You realize that 0.933^15 is much much larger than zero?

[dollarbull]

No. I said that even if his prediction comes true, reserves down 6.7% a year, there will not be zero oil. You realize that 0.933^15 is much much larger than zero?

What Roger's means is that at a 6.7% decline rate, very, very shortly (e.g. mexico in 2-3 years) the # of exporters of oil will fall to zero. Read up on "export land model"

There's nothing wrong with Roger's math. Glad I could help.