View Single Post
Old 04-27-2007, 02:50 PM   #109
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $901
VARSITY
Quote:
Originally Posted by bunnytrdr
In a nutshell, it entails the supposition that at some point, the worlds total barrels per day production would peak at a certain level as a planetary maximum output.

At the same time, the demand for oil would continue to grow thereby causing prices to skyrocket to obscenely astronomical prices like 9 dollars per gallon for gas, and 200 dollars per barrel of crude.

Thoughts?

I say, drill for oil in Alaska, drill it deep, just in case the "oil regenerates itself" people are correct.
Peaks at a certain level because of lack of supply (geologically-speaking) or because of not enough E&P? I'd agree with the latter, not the former. Oil wasn't created overnight and then stopped. I believe there's more out there, a LOT more. Harder to find and harder to reach, but it's there.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 78,249
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote