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User Name Thread Name Subject Posted
GUEST,Wolfgang BS: Oil will run out (221* d) RE: BS: Oil will run out 16 Feb 05

TIA,

the 'we are here' on your second link made me smile. Someone is taking a model prediction with all inaccuracies at face value. But I think it is thought as propaganda and as such it is good. Who wants to read more than propaganda, could have a look at:

THE HUBBERT CURVE : ITS STRENGTHS AND WEAKNESSES

That there will be a peak in oil production, eventually, is trivial. The exact time when this will be is open to debate. I hope it will be soon for that will mean one of two things and I'll be glad about each of it:
(1) oil is getting more expensive so that alternative sources of energy production are economically competitive.
(2) alternative sources of energy production are getting cheaper by themselves with the same result.

I predict that this will be a smooth transition driven by the price of energy.

Wolfgang

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