Hi all. I’m new to ‘Peak Oil’ and new to this discussion forum; however, it seems to me that the customary concept of Peak Oil is irrelevant to the current price of oil. As I understand it, the Peak is a level spot on a bell curve. Whether we are there depends on the slope of the curve being zero rather than slightly positive (before the ‘peak’), or slightly negative (after the ‘peak’). What could be less of an event than a curve with a slope of zero?
In any case, the real peak occurred back in 1979 when world production topped out at 2.5 litters/person-day. Since then, the world population has increased faster than oil production, and many of those folks are now able to compete with me for their share of the world’s oil (they can’t have my share).
Since my share includes fuel for my SUV, and the fertilizer for the food I eat, and the transportation of my oil and food; I need more than 2 litters a day. So, we’re going to have a price war to see who gets the oil.
Whenever world production does decline, and world population continues to increase, and more folks get the resources to compete with me for their share of world’s oil, we could have the perfect storm for high inflation. These are interesting times.





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