[grabby]

Ok.

I think we are past peak, the president blinked and the middle east is slowing down production while oil is 75 bucks a barrel and india is fighting indonesia for drilling rights and Britain has just announced they are shutting down the largest north oil field during the year of greatest profits....

what do you think?

Think I'll go out to my rocker on the front porch and watch things go buy.

[seldom_seen]

$this->bbcode_second_pass_quote('grabby', 'W')hen we are past peak, please post here.

[Doly]

I agree we're probably past peak, but this year we'll know for sure.

[untothislast]

Governments are acting as if we are - which is good enough for me.

Disturbingly, they are doing absolutely nothing to mitigate the immediate effects - by way of curbing wastage and inefficiency.

Is anyone aware of anything, say, like extra budgetary allocations towards measures for controlling civil disobedience. The UK police force has been getting progressively tooled-up in recent years (under 'the fight against terrorism' provisions) but I've never been convinced that this is the real reason for it.

[Sys1]

I bet we are past peak, but still very close from. We need one or two years to get the big picture.

[eastbay]

... the peak isn't an instant in time, it's a period of time and we're clearly in that period of time.

[Leanan]

I think 2005 was peak oil. Spring, if you define peak as just the month of highest world oil production. November, if you want the mathematical peak. (I think Deffeyes will be proved right, not down to the day, but close.)

There is a lot of oil scheduled to come online in 2007, but scheduled is different from actual. (See Thunder Horse.) I don't think they'll be able to get the new production up and running fast enough to overcome the decline of the aging giants.

[MfromAmsterdam]

Hello,

Just wanted te let everybody know that people working at banks in Holland and America are have been instructed the last three months how to deal with people who MUST have their money....

This says a lot. Especialliy since there not supposed to talk about it. A perfect storm is going to happen. Check www.senderberl.com from Joseph Ehrlich. He writes brilliant newsletters. CHECK him please. Maybe mindblowing in the beginning what he writes, but he makes you understand the world even better I think.

Get ready,

Michel

[Mesuge]

That reminds about my recent visit to national bank (looked cheaper than online shops with all that extra tax and shipping charges on it) with the goal about inquiring some gold or silver. I've changed my mind now, it will be better to buy it in person while on short business trip in Switzerland and haul some part of it home in the car, the rest left in a vault.

Anyway, the lady at the national bank was fully aware of the sudden gold rush trend, however, I had a very bad feeling that she was pretty much following some detailed checklist given to her by the top managers to discourage people like me. It went like, gold is a barbaric metal, price hike is just temporary, rather invest in gov. bonds, etc..

You could see, she wasn't particularly convinced about her own words..

[Raxozanne]

$this->bbcode_second_pass_quote('untothislast', '
')Is anyone aware of anything, say, like extra budgetary allocations towards measures for controlling civil disobedience.

[untothislast]

$this->bbcode_second_pass_quote('Raxozanne', '
')
What? Like this...

Homeland Security Contracts for Vast New Detention Camps
A Halliburton subsidiary has just received a $385 million contract from the Department of Homeland Security to provide "temporary detention and processing capabilities." Another step down the Bush administration's road toward martial law, the writer says.
link

[strider3700]

We've either just passed the peak or are at it now. By the end of this year there should be little doubt left.

[jato]

IMO peak was in 2005.

[TITAN]

I believe the plateau of oil production began fall of 2004. I think it could be up to 6 years from then before the decline begins, so mid to late 2010 before production starts forever downhill...At the latest...

If no destruction occurrs and the geopolitical scene stabilizes (fat chance) and economies continue to grow; I think the downward slope could start as soon as mid-late 2007...

My biggest dilemma is whether to stay in the National Guard or not; do I really want to police my neighbors???

[Ludi]

$this->bbcode_second_pass_quote('MfromAmsterdam', 'H')ello,

Just wanted te let everybody know that people working at banks in Holland and America are have been instructed the last three months how to deal with people who MUST have their money....l

[shortonoil]

It may be that we will never see definitive proof of peak. Without growth the world’s economic house of cards will come crashing down. Without increased oil production we have no growth (.) (that’s period), Bush Voodoo energy included. Peak may be something some kid reads about in a history book someday. If someday still has books!

[thor]

We are pretty much at the plateau, I think, surfing on top of the oil wave as long as we can, after which we'll come crashing down and smack our heads against the coral reef of junk machinery and industry.

[DantesPeak]

The US stopped filling up its Strategic Petroleum Reserve in mid-2005, after a long period of accumulating 700 million barrels. The steady purchases put strains on oil markets for a few years. Who says GWB doesn't get PO? Anyway, my point is - if the US hasn't been buying oil since then, and even let the SPR slip down to 670 million barrels, then why is the supply and demand so tight and prices so high?

We haven't even considered what China will do in regards to its SPR, which appears to have been a low priority because of high energy prices, but now has been given a big boost after a visit by the King of Saudi Arabia.

$this->bbcode_second_pass_quote('', 'J')anuary 24, 2006
Saudi Arabia to build crude storage site in southern China - report

BEIJING (AFX) - Saudi Arabia and China plan to build a large crude oil storage facility in southern China's Hainan province, the Beijing Morning Post reported, citing an unidentified source.

The storage capacity of the oil facility is expected to hit 25-30 mln tons, the source was quoted as saying, without disclosing investment figures and timetables.

The agreement on the storage site is part of a series of bilateral energy and trade pacts signed by China and Saudi Arabia yesterday during a three-day visit by the Saudi king, the newspaper said.

[Revi]

I think it peaked in 2005. I hate to add to the paranoia, but I heard from an oil dealer that there will not be a pre-buy price next year. You'll have to pay whatever the market price is when they fill your oil tank. That means people will get stuck with bills they may not be able to pay. There is a plan for that too. If you are approved for a special loan you can borrow the money for the oil. I have heard that people are getting home equity loans now to pay off their heat bill. It's the modern equivelant of burning the furniture! It's always later than you think...

[MicroHydro]

Sweet Light Peak: 2000
Conventional Oil Peak: 2004
All Petroleum (includes polar, deepwater, tar sands) Peak: 2005

All Liquids (includes NGL) Peak: 2007 - that asssumes no new wars or revolutions interfering with production. If war in Iran, then 2005 might have been the all liquids peak as well