Peak Oil in sight
Kuwait's biggest field starts to run out of oil.
If you keep in mind that the demand is only growing, and that the production is not increasing (big old oil fields start to give less, and the new findings are dwarfs in comparison), you understand quickly that oil prices are only going up!
Do you understand the consequences of a $100 barrel? what about $200?
I strongly recommend a book called The End of Oil if you are interested about this.
I wrote a review here.
Posted in: _PeakOil
If you keep in mind that the demand is only growing, and that the production is not increasing (big old oil fields start to give less, and the new findings are dwarfs in comparison), you understand quickly that oil prices are only going up!
Do you understand the consequences of a $100 barrel? what about $200?
I strongly recommend a book called The End of Oil if you are interested about this.
I wrote a review here.
Posted in: _PeakOil
Labels: PeakOil
posted by Bambitroll at
12:05
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