I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Joined: Oct 16, 2004 Posts: 1480 Location: Appalachian Foothills of Virginia
Posted: Mon Jun 23, 2008 11:31 am Post subject: Right NOW: Peak oil chat with Brian Hicks and Chris Nelder
Peak Oil chat at Washington post with Brian Hicks and Chris Nelder, authors of "Profit From the Peak: The End of Oil and the Greatest Investment Event of the Century" happening right now.
Joined: Oct 16, 2004 Posts: 1480 Location: Appalachian Foothills of Virginia
Posted: Mon Jun 23, 2008 11:51 am Post subject: Re: Right NOW: Peak oil chat with Brian Hicks and Chris Neld
My question: Given the Hirsch Report, "Twilight in the Desert," Sadad al-Huseini, etc., what scenarios do you forecast (deep recession, depression, collapse) and for how long? What human settlement patterns, agricultural methods and technological shifts do you expect will bring us out of the morass?
Chris Nelder: Unfortunately it would take about another whole book to answer that question! My guess is that we will experience about a 30- or 40-year global recession, as we try to fill the gap of declining fossil fuels. Over that time, I expect a renaissance in subsistence farming and self-sufficiency. But I don't think anybody could say, certainly not me, whether the 22nd Century will look more like an advanced eco-topia, or more like the 17th Century... _________________ http://www.carfree.com http://ecoplan.org/carshare/cs_index.htm http://www.velomobile.de/GB/Advantages/advantages.html
Chance favors the prepared mind. -- Louis Pasteur
He that lives upon hope will die fasting. --Benjamin Franklin
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