Peak Oil primer part 1 of 2

A primer on Peak Oil by Matt Simmons part 1 of 2

The recent slide in oil prices only serves to accelerate the longer term problems with peak oil. Demand destruction as is common place lately is a myth and according to the latest AEIA report supply depletion is now 9.1%. The financial crisis only serves to accelerate the supply destruction as many projects re now uneconomic and capital is almost impossible to raise right now. Many projects will go bankrupt or fail to get off the ground. With no major oil field discovered in the last 37 years we now need to find the equivalent of 5 Saudi Arabias in the next 10 years, a very unlikely event!

Category:

News & Politics

Tags:

• Peak
• oil
• Matt
• Simmons

[vanityfox451]

Hi Bullionmark, thankyou for uploading Matt Simmons, I found his book 'Twighlight In The Desert' honest and inteligent, both refreshing and frightening by turns.

I recently found a very useful and educational site. Google:-

"Chris Martenson"

and complete the

"Crash Course"

...I guarantee that you'll find the information extremely useful. There are life-changing events happening every day in our world, all of them balanced precariously on the shoulders of oil...