by Xenophobe » Fri 19 Nov 2010, 14:55:21
$this->bbcode_second_pass_quote('pstarr', ' ')Peak oil prices adjusted to January 2010 dollars: $107.36 (Dec. 1979 Monthly Ave. Peak) vs $125.10 (June 2008 Monthly Ave. Peak) and;
Real crude prices since oil was invented by those nefarious enslavers of humanity who never seem to be found but are always talked about.
http://www.forbes.com/2008/05/13/oil-pr ... lash2.htmlThree price spikes across mankinds use of crude...one early, one during the peak oils of the 70's, and one during the peak oil of 2005...give or take.
Using price as some indication of peak doesn't seem to work...I don't recall anyone claiming a peak the day after Drake drilled his famous well, although people were pretty excited back in the 70's, no peak claims there, just the horrifying certitude of running out!
Fortunately, as of today, $3/gal gasoline and $80/bbl crude seems pretty reasonable, although it still tends to undervalue crude. <yawn> I suppose it matters to those who need it to power their vehicles versus those of us who electric around town most of the time.
