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notdku 09-03-2007 01:36 AM

End to Oil
 
Just got done reading The End to Oil (http://www.amazon.com/End-Oil-Edge-Perilous-World/dp/0618239774) which talked a lot about the oil peak (http://en.wikipedia.org/wiki/Peak_oil)

Most estimates put the peak around 2012-2016 and the decline more than likely means skyrocketed price which could mean economic disaster if alt. energy sources are not in place.

Anyone been reading/researching about this?

Splatter 09-03-2007 04:17 AM

Yup. I work in the oil and gas industry, as a medic on drill rigs, pipeline crews and seismic surveys.

You've pretty much got the picture.
Right now we are tapping smaller and smaller natural gas pockets, some produce less than a year.

The cheap oil is running-out. And the sooner we start planning for it, the easier the transition will be.

There is _never_ going to be no oil, it's just going to get damned expensive.

Quasi 09-03-2007 10:48 PM

Yep. Been following it for about a year and a half, and it's changed my perspective about a lot of things, made me a much more conservative investor and had a lot to do with selling my gas guzzler.

A pretty good site for peak oil related articles and discussion is www.peakoil.com.


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