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The New DU. Reply #97: production is likely to peak in 2007/2008
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rman
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Mon Jan-03-05 01:40 PM
Response to Reply #94 |
| 97. production is likely to peak in 2007/2008 |
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from then onwards oil will become more expensive and there will be shortages, rationing and more oil wars to get control over as many fields as possible.
maybe i wasn't clear Hubbert's prediction: he predicted early in the 1900's that there'd be a peak of US oil fields in th 1970's - turned out he was correct. hence peak-oil is also known as the Hubbert peak.
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