Peak Oil News and Message Boards

I forgot what I was going to say.

My top 3 stories of 2014. 1) Malaysia Airlines lost two passenger aircraft with all hands, one at sea the other over a war zone.

2) Russia set the Ruble floating against world wide currencies eliminating the silent import subsidy for western goods.

3) OPEC decided that market share was more vital than short term monetary gains and refused to reduce exports despite falling world oil prices. Repercussions will take months to play out but are very significant.

Elon Mush, and all his supporters, are diagnosed with the worlds first case of

PANDEMIC HYPERTENSION!

They finally invented a flying car- right on time -2015 is the 'Back to the future' date when 'Doc Brown' time traveled to:

https://www.youtube.com/watch?v=kzYb68q ... ilpage#t=0

(I want one)

Headlines
The US Supreme Court this year declared it is OK for government to endorse religion.
They also declared unlimited spending by the richest citizens to influence elections is the American Way.
A Senate report concluded the CIA under Bush tortured, lied - no one noticed or cared because hey, "I'm not a terrorist."
Of course many of those tortured weren't terrorists either.

And contrary to the headlines on PO.com, Ebola didn't off the humans, ISIS didn't invade New York, Pooty Poot didn't nuke Cleveland and Cali didn't evaporate.


Not quite a headline but in 2004 I guessed oil production decline would begin within ten years - 10 years of course was 2014. Do I get half credit since the substance formerly known as oil and now goes by the name "conventional" did begin decline?

No? Then how about this; 2015 will see the top of the US LTO and non-OPEC increase. Not decline yet but not the 1.9mbd LTO increase of 2014 - the IEA says the increase will be a little over 1mbd. Nothing to sneeze at but still below average demand increase. Not sure what will happen after the peak of the peak oil (LTO).
Speaking of which, the global economy is forecast to grow less than one percent too so prices will stay low - maybe not $50 but not over $100 either.


This is from Matt at crudeoilpeak.info

Pops wrote:A Senate report concluded the CIA under Bush tortured, lied - no one noticed or cared because hey, "I'm not a terrorist."

I will go out on a limb and predict that nobody will be prosecuted. Except maybe the bottom link on the chain of command.