RobertRapier wrote:We now have more data, so I think we can learn a lot by going back, looking at forecasts, and see why they went wrong. I am hoping Stuart goes on the record soon. That will be a dark day for many doomers. People like pstarr will likely suddenly think he no longer knows what he is talking about.
Being a mere layman myself, I'm hardly much cheered by this news in the light of the declines in Cantarell and the North Sea, and demand going ever higher. They've managed to keep the ship afloat for a few years, is all. If they were increasing production enough to make the more cornucopian projections a reality that'd be different.
Don't get me wrong. I don't think we should trust Saudi. And I recognize that Peak Oil will soon be upon us. But I also believe that we discredit ourselves by making dire predictions that never seem to come true. This is what I am seeking to avoid.
There's a good deal of dire reality to kick around though, you must agree. And not just in the oil industry.