by sicophiliac » Sat 09 Jul 2005, 19:25:41
I have given it somemore thought and I dont think there will be a "peak". It will probably be more of a bumpy platue as some nations oil reserves decline and others get pressured to boost production further. Environmental reserves will probably get tapped like the ANWR and other coastal areas as I said in a previous post. There are still a few places that need to come online or whos full production potential hasnt been exploited : Caspian sea area, Iraq, Libia, Sudan, West Africa. All largely for political rather then geological reasons. Other areas that might have alot of oil to be discovered still that I was thinking of are the Siberain coastal areas, Eastern Russia, the north western coast of Canada. Correct me if I am wrong about any of these specific areas or nations.