I am curious as to the credibility of the peak oil scenario. Will world oil production decline in the near future? Will world oil consumption demands create an unbelievable price jump in world oil prices?
It will eventually decline, but anyone who tells you they KNOW when is full of crap.
Jimmy Carter announced that we’d run out by 1986…he was slightly off.
November 2nd, 2009 at 1:30 am
Take a look what happened with Nuclear bombs, AIDS, and coal shortages, and you will have the answer…..
References :
November 2nd, 2009 at 1:37 am
"We could use up all of the proven reserves of oil in the entire world by the end of the next decade."
-Jimmy Carter, 1977
This has been going on for decades, and every decade new people fall for it. Over and over and over.
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References :
November 2nd, 2009 at 2:14 am
It will eventually decline, but anyone who tells you they KNOW when is full of crap.
Jimmy Carter announced that we’d run out by 1986…he was slightly off.
References :