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QUOTE O’ THE DAY
"All we can do is analyze, aggregate, and synthesize bad news.
Page added on February 8, 2012
Perception versus the reality of peak oil.
I asked 10 Americans the question, “How is oil production going up in Alaska?” Nine said they do not know, and one said great. Here is the truth in my personal Chart of the Day.
Alaska produces about 10% of the oil in the US.
It once was producing over 60,000,000 barrels per day month (now can you all get over the typo and look at the chart?), but Alaska now produces less than 18,000,000 barrels, or not even one third of what it once did.
Change is indeed coming to America. It just is not the type of change that sells Chevy Suburbans, McMansions, Disney cruises, or airfairs, so do not expect to hear or read about it in the mainstream media.