That's the question upon which the "peak oil" theories turn. This article provides a fascinating analysis which seems to indicate that Saudi Arabian oil production is declining faster than predicted and that this alleged underproduction is adequate to explain the recent rise in the price of gasoline prices we have seen (that, plus the recently shut-down refineries). Read the links at the bottom if you have a week to spare, some background in geophysics, and some time to do analysis.
2 comments:
A new bookmark, there. And the comments of the energy geeks are fascinating.
Skookumchuk,
i've already been excoriated this week for critiquing and not buying inot the thread du jour so I've got to be careful.
However I will say that when a thread begins with a graph that doesn't involve breast size it's a waste of time.
Two of the last three thread started with graphs and garnered a TOTAL of (this one included) THREE comments...gotta tell ya something.
Post a Comment