Oil Production Could Peak Next Year

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	Oil Production Could Peak Next Year

wildcat

4-18-2007 6:30 AM

474 views

tags:

science, research, oil, production, model, decline

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4-18-2007 12:09 PM

The REAL Napster

Peak oil again? This crap has been spewed for about 60 years now, and the only people it helps are the ones shilling for oil. They create an artificial shortage mindset to drive up the price. LIke it isn't high enough already. Do a google search for peak oil warning and you'll find lots of stories.

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<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/396ed187-425b-435d-8fe8-e879860d5c8f/3722F14F-82E6-4CFA-947A-D23E9F9EC037/" 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.livescience.com/environment/070417_oil_peak.html" href="http://www.livescience.com/environment/070417_oil_peak.html" style="font-size: 11px;">www.livescience.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.livescience.com/environment/070417_oil_peak.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.livescience.com/img/1A6A630F-58AE-4F71-B45A-728A0387893B" alt="" /></div></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.livescience.com/environment/070417_oil_peak.html"><P class="style1">Global oil production will peak sometime between next year and 2018 and then decline, according to a controversial new model developed by a Swedish physicist.</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.livescience.com/environment/070417_oil_peak.html"><P class="style1">Since 1956, when American geophysicist M. King Hubbert correctly predicted that U.S. oil reserves would hit a peak within 20 years, <A href="http://www.livescience.com/environment/end_oil_041214.html">experts have debated</A> when the same might occur globally. Some oil companies and consultancy firms such as Cambridge Energy Research Associates speculate that oil will peak sometime after 2020, but a number of oil geologists and executives predict it will happen much sooner. </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.livescience.com/environment/070417_oil_peak.html"><P class="style1">And once production starts declining, there could be major supply problems, analysts say, especially when it comes to transportation—cars, aircraft, trains and boats are today without a ready <A href="http://www.livescience.com/technology/070416_natural_gas.html">alternative to petroleum-based liquid fuels</A>.</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.livescience.com/environment/070417_oil_peak.html"><P class="style1">Reaction to the latest prediction is as polarized as the debate has been on this issue for decades.</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.livescience.com/environment/070417_oil_peak.html"><P class="style1"><STRONG>New approach</STRONG></P></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/3722F14F-82E6-4CFA-947A-D23E9F9EC037/blog/" title="blog or email this clip"><img src="http://content6.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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