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Energy Bulletin: Sadad al Husseini sees peak in 2015

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Energy Bulletin: Sadad al Husseini sees peak in 2015

Unread postby Starvid » Sat 08 Oct 2005, 10:59:10

http://www.energybulletin.net/9498.html
$this->bbcode_second_pass_quote('', 'S')adad al Husseini, recently retired head of exploration and production for Saudi Aramco, offered very insightful comments during an interview with Peter Maass in Saudi Arabia. Maass reported Husseini’s perspective in his August 21, 2005 piece “The Breaking Point” [...] in the New York Times Magazine . [...] While his comments are more optimistic than those of Colin Campbell, Matt Simmons, Chris Skrebowski and a host of others, they certainly strike a vastly more realistic chord than the typical fare from Saudi Aramco press releases and presentations.

[...] Therefore my answer is: under the current circumstances and outlook, oil is likely to peak at a 95 mmbd plateau by 2015 and can then be sustained well beyond 2020 at increasing real oil prices.

The man should know what he is talking about, even if oil prediction is about as easy (and as reliable? ;) ) as astrological divination. Any comments?
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Re: Sadad al Husseini sees peak in 2015

Unread postby UIUCstudent01 » Sat 08 Oct 2005, 15:46:31

2015 seems to be a reasonable peak date... although demand could shoot over the supply a couple of times before that...
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