$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('roccman', 'Y')ou are dead right dohboi !
Bush is not going anywhere.
Martial law, the amero, and food riots will be main news stories...
PeakOil is You
Re: Another Oil price Record
Re: Another Record ($143.67)
by roccman » Mon 30 Jun 2008, 15:55:09
When Obama takes office next January, what will you all you President-For-Life Dubya buffs say then?
Ummmm...that we were wrong.
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
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roccman - Light Sweet Crude
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Re: Another Record ($143.67)
by shortonoil » Mon 30 Jun 2008, 16:17:53
Zardoz said:
$this->bbcode_second_pass_quote('', 'W')hen Obama takes office next January, what will you all you President-For-Life Dubya buffs say then?
$this->bbcode_second_pass_quote('', 'W')hen Obama takes office next January, what will you all you President-For-Life Dubya buffs say then?
When Bush and Channey leave office, they will become immediately eligible for a trail of high treason. Since there are any number of good reasons to hang both of them, and the nation will probably be in a state of economic devastation by then, Congress, the military and the intelligence services might be quite amiable to it to divert the attention of the rampaging masses.
I think it is much more likely that the neo-cons will be frog marched out into the back yard and shot, than it is that they will usurp the entire government.
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shortonoil - False ETP Prophet
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Re: Another Record ($143.67)
by Starvid » Mon 30 Jun 2008, 18:29:24
$this->bbcode_second_pass_quote('frankthetank', 'S')immons is in an article in the Timesonline this morning talking about the future of oil production. If this is anywhere near true, the future is going to get real ugly, real fast. I still can't see it dropping as low as he is saying at that time.
$this->bbcode_second_pass_quote('', 'M')att Simmons, chief executive of Simmons & Company, a Houston energy consultancy, said that global oil production had peaked in 2005 and was set for a steep decline from present levels of about 85 million barrels per day. “By 2015, I think we would be lucky to be producing 60 million barrels and we should worry about producing only 40 million,” he told The Times.
$this->bbcode_second_pass_quote('', 'M')att Simmons, chief executive of Simmons & Company, a Houston energy consultancy, said that global oil production had peaked in 2005 and was set for a steep decline from present levels of about 85 million barrels per day. “By 2015, I think we would be lucky to be producing 60 million barrels and we should worry about producing only 40 million,” he told The Times.
Can you imagine the price of oil at 40mb a day! By then the country would be in a depression.
I'm willing to bet anything that we won't have all liquids at 60mbpd in 2015, and certainly not at 40!
That's a decline rate of 7 % and 10 % respectively. When the trend is 0 % decline for the last 4-5 years. If supply had grown faster we'd see higher post peak declines than the current plateau will result in.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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Starvid - Intermediate Crude
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