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Reply #3: Thanks for posting that. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-14-07 03:10 PM
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3. Thanks for posting that.
The scenarios appear to be starting to play out exactly as the "Peak Oil Doomers" predicted.

The next thing to watch for is a sharp decline in global net oil exports as predicted by Jeffrey Brown on The Oil Drum. The theory is that declining production and rising domestic consumption in oil producing nations will combine to produce a much steeper decline in their net exports as they choose to satisfy domestic needs ahead of exports: Net Oil Exports and the "Iron Triangle". If that plays out as it seems it will, it spells big, big trouble for oil importing nations like the USA and Great Britain.

Paul Chefurka
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