Andy Hunt wrote:I must admit the only date I've heard mentioned consistently for 'end of world' scenarios is 2012 - so often in fact that I am beginning to worry that there might be something in it!!!
But if we get there and nothing has happened, I will be very happy to have you tease me about it.
I've heard that the end of the world is going to affect Colorado particularly badly. Apparently it is due to the unusually high levels of smug condescension emanating from one point in the state. It has the effect of concentrating all that end-of-the-world hysteria at the phenomenon's point of origin.
So RGR you think the world can magically produce 86 million barrels per day of the black stuff.. for.... infinity years?
Line up those 86million barrels... and you got a lot of barrels.
Imagine it- 86 million
Add in the increasing needs/wants of China and the East (2 billion possibly buying new cars in the future, if the recession ends) then that could rise to 100 million a day.
RGR wrote:
As far as 86 million a day, well, for starters, we certainly haven't always needed that much in the past, and I figure we certainly aren't going to always be needing that much in the future.
So RGR, you are in fact clearly a self-proclaimed peakist ! I really don't understand all the miscommunication or something going on here.
Brace Yourself (and Your Portfolio) for an Oil Price Shock by 2012 Or Sooner
How ironic that, even as President Obama fights an uphill battle to convince Congress to accelerate alternative energy development despite widening budget deficits, it looks like it’s already too late to avoid a new oil price shock.
In his press conference last week, Obama said the country can’t afford to wait to tackle its oil addiction “until the next time that gas gets to $4 a gallon.” But noted consulting firm McKinsey & Co., Saudi oil minister Ali Al-Naimi, and “dean” of oil analysts Charles Maxwell of Weeden & Co. all say that an oil price shock that hits between 2010 and 2013 now appears all-but-inevitable.
Unlike short-sighted Congress – and apparently the rest of the news media, which hasn’t said “boo” about a potential new oil price shock – Obama “gets” that, as McKinsey put it last week, “As soon as we get the economy up and running again, we’re going to find ourselves in a world when (oil) prices are going to fly up.”
Or as Al-Naimi reportedly said two weeks ago, the world faces a “catastrophic” energy supply crunch.
