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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 584
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 Posted: Tue Jul 01, 2008 11:11 am Post subject: Watchdog cuts oil supply forecast |
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And here comes the edge of the plateau.....
| Article wrote: | Iranian oil field
Supplies are expected to wane among members of oil cartel Opec
Global oil supplies will grow more slowly than expected over the next five years, the International Energy Agency (IEA) has predicted.
Spare capacity in the world system would fall to “minimal levels” in 2013 amid rising demand from developing countries and supply problems, it said.
As a result the IEA cut its supply forecast by 2.7 million barrels per day (bpd) to 95.33 million bpd.Iranian oil field
Supplies are expected to wane among members of oil cartel Opec
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Read Article
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cipi604
Heavy Crude
Joined: Aug 14, 2007
Posts: 238
Location: Montreal Canada
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| Posted: Tue Jul 01, 2008 11:33 am Post subject: Re: Watchdog cuts oil supply forecast |
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| I don't think the plateau will hold up till 2013, I'd rather say 2010-2011. |
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Hogan
Light Sweet Crude
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Joined: Oct 25, 2004
Posts: 1298
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| Posted: Tue Jul 01, 2008 11:37 am Post subject: Re: Watchdog cuts oil supply forecast |
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| cipi604 wrote: | | I don't think the plateau will hold up till 2013, I'd rather say 2010-2011. |
Interesting that you say that. Back in 2004-2005, many board members here were predicting that everything would seriously start going to hell around 2010. Very prophetic. |
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kublikhan
Intermediate Crude
Joined: Nov 06, 2007
Posts: 623
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| Posted: Tue Jul 01, 2008 11:49 am Post subject: Re: Watchdog cuts oil supply forecast |
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Bush: "Alright call of the invasion. It's not even worth it now. They're out of oil too."
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The oil barrel is half-full. |
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cipi604
Heavy Crude
Joined: Aug 14, 2007
Posts: 238
Location: Montreal Canada
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| Posted: Tue Jul 01, 2008 7:22 pm Post subject: Re: Watchdog cuts oil supply forecast |
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| Drifter wrote: | | cipi604 wrote: | | I don't think the plateau will hold up till 2013, I'd rather say 2010-2011. |
Interesting that you say that. Back in 2004-2005, many board members here were predicting that everything would seriously start going to hell around 2010. Very prophetic. |
I trust in Chris Skrebowski.  |
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burtonridr
Intermediate Crude
Joined: Aug 03, 2007
Posts: 584
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| Posted: Tue Jul 01, 2008 7:25 pm Post subject: Re: Watchdog cuts oil supply forecast |
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| kublikhan wrote: | | Bush: "Alright call of the invasion. It's not even worth it now. They're out of oil too." |
That would be a smart play by any government that has lots of oil.... just announce to the world that the oil production is dropping quick and slowly ramp down as if the supply was running dry.... Avoids geopolitical warfare.
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Tired of high gas prices? Then stop driving to work, duh..... Learn to Work from home
Peak Oil Blog = http://getroasted.wordpress.com |
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