[peaker_2005]

$this->bbcode_second_pass_quote('darrin', '
')fortuantely for me, NSW State trains are usually late, that is of course, if they actually turn up at all, usually the shortness of breath and panic is caused by anger at knowing your going to be late for work/appointment yet again, however, your point is taken

[killJOY]

$this->bbcode_second_pass_quote('', 'I') remember him saying on the radio in Australia a year or two ago "we will never get over 81mb/d". Don't forget ASPO just pushed the peak back to 2010, but hey the drama queens don't like that.

[Antimatter]

$this->bbcode_second_pass_quote('killJOY', '')$this->bbcode_second_pass_quote('', 'I') remember him saying on the radio in Australia a year or two ago "we will never get over 81mb/d". Don't forget ASPO just pushed the peak back to 2010, but hey the drama queens don't like that.

[peaker_2005]

$this->bbcode_second_pass_quote('Leaf', 'T')his is not good. I have followed the Dr for some time and also know his predictions well and I feel he is one of the best in the field! I take his words and prediction before I take anyone elses..ie even way before Campbell, Kunstler, Dyeffess ect.. I highly respect this man! This is the worst news Ive read in awile

[drew]

He must have a pretty good crystal ball. Could you guys ask him when the US econ will tank so I can make some hedge plays.

I think he may be premature, but you never know

dREW

[peripato]

$this->bbcode_second_pass_quote('Antimatter', 'I') remember him saying...a year or two ago "we will never get over 81mb/d".

[peaker_2005]

$this->bbcode_second_pass_quote('peripato', '')$this->bbcode_second_pass_quote('Antimatter', 'I') remember him saying...a year or two ago "we will never get over 81mb/d".

[Geko45]

$this->bbcode_second_pass_quote('OilsNotWell', 'B')ut it's too late. The train cannot stop now. And you know it.

[OilsNotWell]

Classic Geko,l we needed that.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'I') remember him saying...a year or two ago "we will never get over 81mb/d".

[rogerhb]

But there's so much to see from up here, I can see the bumpy plateau, and I can just make out the edge of a cliff in the distance.

Funny, it's not as high as I thought it was going to be.

You did remember to bring the flag, right?

[peripato]

$this->bbcode_second_pass_quote('OilsNotWell', 'C')lassic Geko,l we needed that.

$this->bbcode_second_pass_quote('', '')$this->bbcode_second_pass_quote('', 'I') remember him saying...a year or two ago "we will never get over 81mb/d".

[OilsNotWell]

Thank you! I was familiar with WOCAP, but it had been a while. Dr. Bahktiari seemed to have had to withdraw from view due to the political situation since last year (for instance, he was effectively blocked, I believe, from attending industry conferences..)

[The_Toecutter]

Personally, I think peak occured sometime between 1998 and 2003, and we are now just beginning to see its after effects.

Note the price of oil was $12 in 1998. It was $20 in 2001. $25 in 2002. $35 in 2003. $45 in 2004. $60 this year.

I'd guess we'll hit $90 before next year is over.

[stepka]

http://apnews.myway.com/article/20051027/D8DGL2502.html
$this->bbcode_second_pass_quote('', 'E')xxon said hurricanes slashed U.S. production volumes by 5 percent from a year ago, while global daily production slipped to 2.45 million barrels of oil equivalent from 2.51 million barrels. By the end of the year, it will cost the company about $100 million after taxes, the company estimated.

[clv101]

The data just isn't good enough to know if we are extracting 82 or 84 mbpd at the moment. Too much local extraction/consumption that never gets traded or counted, too many special deals with neighbours that never see the open market. I think there's a few million barrels per day uncertainty on global extraction rates. Given the current state of the Gulf of Mexico we're certainly extracting less oil globally than earlier in the year... The era of peak oil extraction is now, the precise day and rate of maximum extraction is meaningless.

[untothislast]

We're all aware that a peak is coming - and also, that it won't arrive (or be acknowledged) as one specific date on the calendar. The best we can do, is to make quiet preparation for a transition to a simpler lifestyle, which will depend more upon personal ingenuity and cooperation in problem solving,than we've known for the past 200 years.
On a practical level, if you've ever put off arranging simple, and presently available, medical tests for diabetes, glaucoma, heart conditions, asthma - or whatever - now might be a good time to start thinking about it.

[PWALPOCO]

Ive asked this question once before but didnt recall seeing a reply ( neither ridicule or debate !)

Do we ever get to know the volumes of oil being traded each day ?

Surely there will be a group of sellers who got the oil from the ground , and a group of buyers who need the oil to make it into something else?

I was wondering if there would be any clues in the volumes being traded as to the "peak" date?

Paul

[some_guy282]

Looks like Dale Allen Pfeiffer agrees.