[Curlew]

$this->bbcode_second_pass_quote('phaeryen', 'A')s a collective, we, as human beings, are consuming and thus needing MORE OIL while due to circumstances brought upon us by the world we live in we are producing LESS OIL than the year before. Do you require any more proof to validate doomerosity than that?

[emersonbiggins]

$this->bbcode_second_pass_quote('Curlew', '
')I traded in an Alfa Romeo for a little Peugeot this May - because of Peak Oil.

[Twilight]

Does your conservation scale?

Conservation in the West does not impress me, and talk (and evidence in front of my own eyes) around me is that the British are buying into SUVs and full-size American pickups like never before. In the case of pickups, literally like never before. You couldn't stroll into a dealership and buy the stuff that has appeared on the road this year.

The thing about oil demand in the ME Gulf, India and China is also the sheer size of population. That demand growth is only just taking off, let's wait a few years and see what the situation is then.

[BigTex]

$this->bbcode_second_pass_quote('PraiseDoom', 'I') know its all a terrible blow to those of us who bought into the quick dieoff, but it sure looks so far like the "market will make do" types are winning the arguement. I'm cancelling my subscription to 'FromTheWilderness" immediately, summer is over, and we STILL don't have our Gorge.

[timbo]

$this->bbcode_second_pass_quote('Ferretlover', '
')Is my reaction, to the above comments, wrong?:

production-prices: Shouldn't prices go higher and higher as production declines?

[whereagles]

zardoz is gonna have some avatar competition now.. lol

[Chuckmak]

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('Curlew', '
')I traded in an Alfa Romeo for a little Peugeot this May - because of Peak Oil.

[TreebeardsUncle]

Hi folks.

Heard today from someone (an English or Scottish gentleman by birth) who used to work for Shell for quite a few years in Indonesia, Australia etc, that the world's natural gas supply is about 7x that of oil. However, most cars don't run on natural gas products, but crude oil-derived gasoline and deisel so transportation is still going to take a hit. He also stated that world oil production has peaked.

g

[Sideous]

$this->bbcode_second_pass_quote('MrMambo', 'l')ink to worldoil.com:

http://worldoil.com/INFOCENTER/STATISTI ... production

the table on the page shows production for june 2007 against may 2007 against averages for 2006 and 2005. And the numbers show that june production is lower than averages for 2005 and 2006 as well as for may.

Total Supply (world):
83.71 (June 2007)
84.27 (May 2007)
84.69 (Average 2006)
84.16 (Average 2005)

How come production is dropping while prices are so high? Shouldn't market forces "generate" more supply?

Isn't China and India consuming signifficantly more each year? What areas in the world have had to cut back on consumption to leave room for increases in chineese and indian oil consumption?

Interestingly enough I see that my homecountry (Norway) has one of the largest production drops over the period. We were close to 3 mb/d in 2005 and was over 2.5 mb/d in May, but in June we saw only 2.16 mb/d... from almost 3 to slightly above 2 since 2005 to now... thats pretty steep decline.

[Bas]

$this->bbcode_second_pass_quote('Sideous', '
')The figures that you have quoted are different to those stated within the table for total world. Take another look.