[anthem]

You're preachin' to the choir, feller.

[Novus]

Looks like you are little behind the curve here. The 1.5mbpd slack has been eaten up in the last few months by the half million SUVs GM and Ford dumped on the market and stronger then expected growth in China. The world has peaked and things will never be the same.

[pilferage]

$this->bbcode_second_pass_quote('Novus', 'L')ooks like you are little behind the curve here. The 1.5mbpd slack has been eaten up in the last few months by the half million SUVs GM and Ford dumped on the market and stronger then expected growth in China. The world has peaked and things will never be the same.

[jimmydean]

If individuals worldwide begin conserving because of cost we could easily see a demand softening of 10M bbl/day imho.

EIA numbers indicate UK is about 3x more efficient that the U.S. or Canada. 1 bbl of oil services 44 people in the UK/day versus only 15 or so in U.S./Canada. Greater use of public transportation and driving of smaller fuel efficient cars are probably the key reasons. Also milder winter does have a positive affect.

If we simply saw people driving less and taking public transport more it would have a huge effect. I predict a pain threshold exists at the pump which will curb demand. Until that point oil will go up up up. When people start conserving it will head down.

It's time for governments to outlaw auto manufacturers from production of V8 motors and strongly regulate size of V6 engines for personel transportation.

[Leanan]

$this->bbcode_second_pass_quote('', 'I')t's time for governments to outlaw auto manufacturers from production of V8 motors and strongly regulate size of V6 engines for personel transportation.

[deconstructionist]

we're at or beyond peak. production hasn't started to decline yet due to the practice of pumping water and detergents into their wells to keep the pressure up and to keep production consistant. when it eventually does start to decline, it will be a rapid decline...

[Daculling]

$this->bbcode_second_pass_quote('Leanan', '')$this->bbcode_second_pass_quote('', ' ')Limiting SUVs to 40 mph (65 km/h) would also help a lot. It would discourage people from buying the monsters, as well as increase their efficiency.

[Eli]

People will dump those monster trucks faster than you can say Honda civic when gas goes over 4.00 bucks a gallon. A bike hopefully will start to become a commuter vehicle again in the US.

This sure as hell feels like peak. And even if peak is 4 or 5 years off (It is here now IMHO) historians will point to this time as the start of Peak Oil.

The key to the whole thing is Saudi Arabia. If they have hit peak, we all have hit peak. Since all the oil they have been dumping on the market lately to try and cool prices has been heavy sour crude to me that is a strong indication that they have hit peak.

And it ain't good when IEA says non-opec is not delivering as much oil as expected.

[MonteQuest]

$this->bbcode_second_pass_quote('ElijahJones', 'I') see only a couple reasons why the 50% increase in gas prices in the last year has not changed America's driving habits.

1. We had a hell of alot more free cash per capita than anyone thought (most of America is up to their eyeballs in personal debt)

2. The amount we actually drive is quite close to the amount we have to drive just to survive.

[holmes]

$this->bbcode_second_pass_quote('MonteQuest', '')$this->bbcode_second_pass_quote('ElijahJones', 'I') see only a couple reasons why the 50% increase in gas prices in the last year has not changed America's driving habits.

1. We had a hell of alot more free cash per capita than anyone thought (most of America is up to their eyeballs in personal debt)

2. The amount we actually drive is quite close to the amount we have to drive just to survive.

[fossil_fuel]

i charge almost everythign to a credit card, even a $1 soda, but i pay off the balance at the end of each month. i like the credit card because i don't like to carry around large amounts of cash.

[MonteQuest]

$this->bbcode_second_pass_quote('fossil_fuel', 'i') charge almost everythign to a credit card, even a $1 soda, but i pay off the balance at the end of each month. i like the credit card because i don't like to carry around large amounts of cash.

[jtmorgan61]

Looking at the various meta-analyses of major projects coming online in the next few years, I think we still have perhaps 5 years until conventional oil peaks.

However, we are clearly past the peak of excess capacity. Supply will never get as far ahead of demand again as it did in the late '90's. Prices will not keep growing as fast as they have the past year, but they may slowly slide upwards from here until they cause a recession (and prices dip, and then rise again... etc.)

[jtmorgan61]

$this->bbcode_second_pass_quote('', 't')imes past like in Ancient Egypt it would take many years to complete a city or a wonder...but the people would put in hard hours because they somehow knew their grandchildren would see these great cities and wonders...

[ab0di]

$this->bbcode_second_pass_quote('Leanan', 'L')imiting SUVs to 40 mph (65 km/h) would
also help a lot.

[NEOPO]

amen!!
halleluiah!!
preach on preacher man!!!

I prefer my poison kool-aid slightly chilled with just a hint of lemon