by KilonBerlin » Thu 12 Jan 2017, 08:16:47
It is too late to join, isn't it?!
What? Oh My God! Colin Campbell... he had corrected him self I think 10 times? His first Peak Oil Worldwide he said would be in the 1980's I think, but I know for sure that he said 1990! After the End of 1990, even though the (First) Persian Gulf War was running (I was only 3 years old back than, but I think the Kuwait attack and the extreme power with which the US secured Saudi-Arabia in Desert Shield took a while and went from late 1990 to 1991.... in 1991 we had a higher demand and production. For example China's last year as a net exporter of crude oil was in 1992. In 1993 they became a net importer... Campbell corrected himself to 1995 I think, later 2000, and I think 2 or 3 new "Peak Years" between 2000 and 2010, in fact the Worlds Oil Production was getting higher and higher, far too high, as we see now what the OPEC planned to do... we have simply 400 to 600 million liters too much of crude oil, every day!
We could make it like in lotto, we could take a glass and throw in 50 balls with each a year printed on it starting with 2017 - 2067. Than I could take one ball without seeing the year, and this would be as good as Campbell's prediction... If I see a oil documentary and the producers of this (mostly doomer docus where he appears) interview Campbell, at this point I immediately stop and close the window because if they interview him, the whole docu is crap...
I tink we will have a low of 41.25 US-$ (if €uro gets stronger),the High I would say 62.72$. Close with 52.84 and average 48.83$... that is correct/possible or?! A bit hard with my bad English.