Oil Companies Go Slow On Exploration, Output Despite Spike In Crude Date: Tuesday, August 31 @ 09:47:57 PDT Topic: Production; Extraction; Exploration
Note last several paragraphs quoting Simmons. They can't bring themselves to admit companies are not spending money because they don't want to drill dry holes but are coming close by quoting Simmons. He is really saying the peak will have occured by 09.
