<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/aaf07ae9-4d3c-4139-bacc-177d5096f316/297C91C3-D7E9-408E-BBA8-CEA9712045CF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76" href="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76" style="font-size: 11px;">www.theday.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76">the world as a whole reached a “plateau” from 2005 through July 2008, despite enormous price increases, which has been followed by a decline in production of about 5 percent in only one year. These are data from conservative American and European agencies that are in agreement.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76"><P> While many would argue that sufficient financial incentives would increase production in these countries, they passed their peak production during a period of unprecedented price increases and, for most of them, stable political conditions.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76">There is no way that the relatively few new fields recently discovered can compensate for the decline and collapse of so many older large fields,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76"><P> The greatly increasing dollar and the energy needed to produce oil from ever deeper offshore ocean fields and other hostile environments trump technological oil-production advances. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.theday.com/re.aspx?re=d2266a56-fc7b-429c-a175-cafd83b9ee76">if present trends continue it will take a barrel of oil to find and produce a barrel of oil in, perhaps, as little as two to three decades.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/297C91C3-D7E9-408E-BBA8-CEA9712045CF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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