05-15-2009, 04:03 AM
For those who haven't seen it, here is the DOE source document of 2005 considering oil supply peaking. It's worth a read and very applicable to the conversation. Even though only 2005, at this point it seems dated and far too conservative. But, it was a Bush era oil document. Nonetheless it is constructive and informative and is an issue that should be present in any policy making, personal or otherwise.
[url]
http://www.netl.doe.gov/publications/oth...g_netl.pdf[/url]
By and large the data seems to suggest we're indeed past peak at this point, made worse by the credit crisis keeping new fields from being opened in a timely manner. That is of course subject to conjecture and discussion. . .but the fact remains peaking will occur if it hasn't already and changes in behavior must occur.
[url]
http://www.netl.doe.gov/publications/oth...g_netl.pdf[/url]
By and large the data seems to suggest we're indeed past peak at this point, made worse by the credit crisis keeping new fields from being opened in a timely manner. That is of course subject to conjecture and discussion. . .but the fact remains peaking will occur if it hasn't already and changes in behavior must occur.