When will oil peak?

by **Cyrus** » Sat 29 Jan 2005, 22:14:16

Im not sure if this is already stated but....

by **Jack** » Sat 29 Jan 2005, 22:39:23

Actually, I suspect your poll is overly optimistic. I wouldn't be surprised if we peak this year...

by **Cyrus** » Sat 29 Jan 2005, 23:38:40

Oh sorry! I meant to type "1-3" years not just "3". I am also thinking that oil will peak around thanksgiving this year.

by **Guest** » Sat 29 Jan 2005, 23:54:09

Few experts expect it to be a clean, smooth single "peak." It will most likely be a series of ups and downs as demand drops due to shocks caused by economic dips and bumps, and recession and/or depression.

That the world has actually passed the "highest" peak of oil production will probably not be known for sure until several years after it occurs.

Dave

by **Dvanharn** » Sat 29 Jan 2005, 23:58:48

Somebody ate my cookie, my last post showed me as Guest!!

(Guess I clicked on the wrong button in Firefox last time I cleaned my browser out!!)

Dave

by **0mar** » Sun 30 Jan 2005, 01:55:45

I'd say 2008, as the number of megaprojects (>=100,000 bpd) dwindles to almost nothing. They are the real drivers in the oil supply side of the equation.

From what I've seen, oil producers can handle demand until about 2008-2012, depending on who's estimating. After that, very few producers think that demand will be lower than supply.

by **K9P** » Sun 30 Jan 2005, 07:52:54

$this->bbcode_second_pass_quote('Anonymous', '
')That the world has actually passed the "highest" peak of oil production will probably not be known for sure until several years after it occurs.

Dave

by **tmazanec1** » Sun 30 Jan 2005, 11:51:23

I would say about 4 years...where do I vote (I picked the first option).

When will oil peak?

When Will oil peak?

When will oil peak?

Oil peak will likely be a bumpy plateau, not a true peak.

Hey, who logged me out??

Re: Oil peak will likely be a bumpy plateau, not a true peak

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