http://www.gasandoil.com/goc/features/welcome.html
Click on "features" for a number of entertaining articles, one in particular about PO.
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So long as human ingenuity is allowed to flourish, there will be no peak.
14-10-04 The world oil industry is in need of nearly $ 300 bn in investment to meet the world demand of 120 mm bpd of oil by 2020, according to experts gathered in an international oil conference in Abu Dhabi.
The massively growing demand of oil along with different crises taken place in oil-rich countries have caused the prices to storm over $ 54. Experts believe that the high prices would not fall down in a short-term period, especially with the rising demand by China and India.
So long as human ingenuity is allowed to flourish, there will be no peak.
Despite numerous and similar warnings of looming end-of-supply scenarios over the decades, by the 1960s the United States was producing that many bpd, before hitting 11.3 bn in 1970, and on to 10.6 bn a day in 1985.
frankthetank wrote:You guys don't get it...We have ANWR...There is no need to worry...After we've sunk a few pipes, we'll be swimming in black crude for eons....
Speaking of, it sure looks like its going to finally be violated...
Grimnir wrote:I always wonder, are people who make statements like this totally ignorant of history, or do they genuinely believe that modern society and humans are fundamentally different from Greece, Rome, the Maya, and all the other advanced civilizations that collapsed or simply disappeared?
MonteQuest wrote:Human ingenuity sure didn't stop this peak in 1970!
JohnDenver wrote:This argument assumes that collapse is the only possible fate for an advanced civilization, and ignores advanced civilizations (like the Chinese) which never did collapse or disappear.
Grimnir wrote:I struggle to understand the whole ANWR thing. Surely the administration is smart enough to realize there isn't oil there to supply the US economy for any length of time.
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