"we simply have to reduce demand" - simple it is not. This is the problem. Either I get to have a nice relaxed life in the suburbs and nine of my neighbours die of starvation. Or I relinquish my addiction to oil and learn to live a new way. My bet is I will not change until the nieghbours come knocking and will get what I deserve.
Ah, that is oversimplifying it a bit. But given that Saudi Arabia accounts for roughly 10% of the oil production, a decline in the Saudi "bell curve" will make a decline of the global bell curve very imminent. If you approach the issue by looking country by country, it is very hard to see in which one future growth is projected, as to replace a province like the Persian gulf...
"we simply have to reduce demand" - simple it is not. This is the problem. Either I get to have a nice relaxed life in the suburbs and nine of my neighbours die of starvation. Or I relinquish my addiction to oil and learn to live a new way. My bet is I will not change until the nieghbours come knocking and will get what I deserve.
jeffreywmark 4 years ago
Peak Oil happened the second Saudi Arabia declines, right? Well, hmmm... that happened last year.
steadydecline 4 years ago
Ah, that is oversimplifying it a bit. But given that Saudi Arabia accounts for roughly 10% of the oil production, a decline in the Saudi "bell curve" will make a decline of the global bell curve very imminent. If you approach the issue by looking country by country, it is very hard to see in which one future growth is projected, as to replace a province like the Persian gulf...
warberg80 4 years ago