Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Fri Aug 26, 2005 12:30 pm Post subject: Peak Oil Date?
Hi, I have just learned about the whole peak oil issue about 3 months ago, and I can not get enough information about it. This is my first post and I was wondering if the other memebers would share their view on when they think Peak Oil will happen. I know the ASOP have in their news letter the year 2004 for normal oil and 2007 for all types of oil. I have read that we might have already hit the peak, but I have also read that it might be decades out. I was wondering when the members thought it might happen. Thanks!
Joined: Sep 25, 2004 Posts: 4723 Location: Boston, MA
Posted: Fri Aug 26, 2005 2:16 pm Post subject: Re: Peak Oil Date?
March 22nd, 2006 at roughly 3:30 AM Eastern Standard Time.
Happy now?
Peak Oil is not an event, it's a series of them. It doesn't really matter the actual year. I do know that oil will peak within the decade or at least the US economy will crash into an oil-related decline by that point.
Either way it has the same impact for me. _________________ "www.peakoil.com is the Myspace of the Apocalypse."
Joined: Jun 02, 2004 Posts: 1078 Location: Bristol, UK
Posted: Fri Aug 26, 2005 2:57 pm Post subject: Re: Peak Oil Date?
I would say that since many individual countries have peaked (America, Norway, Venezuela, UK, Indonesia etc.), many individual oil majors have peaked (Chevron, Exxon, Shell, Total) and that individual grades of oil have peaked (Light sweet crude) a global peak in all oil grades can't be far away.
My personal opinion is that the geological peak in crude extraction will be a long drawn out bumpy affair limited by logistics and infrastructure running from around about now through to 2010 when significant decline will set it.
P.S. I've also dropped this reply in your other thread, I expect the mods will merge the two in due course. _________________ "Everything is proceeding as I have foreseen." The Emperor (Return of the Jedi)
The Oil Drum: Europe
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