jetflyer
Concerned Citizen
- Joined
- Mar 8, 2002
- Posts
- 2,040
Oil Supply Problems coming soon.
It's here, the entire 9,000 word New York Times article:
http://www.nytimes.com/2005/08/21/magazine/21OIL.html
The author interviews the current and past oil ministers of Saudi Arabia. He also interviews Matthew Simmons.
This is the first time "PEAK OIL" has been discussed by a major mainstream media outlet.
You don't have to run out of oil to have problems. You just have to have a plateau in the World oil production, to have serious problems with oil price.
If we have a decline in World Oil Production, then we're in big trouble. $66/barrel oil will then look cheap.
Jet
It's here, the entire 9,000 word New York Times article:
http://www.nytimes.com/2005/08/21/magazine/21OIL.html
The author interviews the current and past oil ministers of Saudi Arabia. He also interviews Matthew Simmons.
This is the first time "PEAK OIL" has been discussed by a major mainstream media outlet.
You don't have to run out of oil to have problems. You just have to have a plateau in the World oil production, to have serious problems with oil price.
If we have a decline in World Oil Production, then we're in big trouble. $66/barrel oil will then look cheap.
Jet
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