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Thread: "Peak Oil"

  1. #1
    Vulture of The Western World Eric's Avatar
    Join Date
    Jul 2006
    The Land of The Edentulites

    "Peak Oil"

    Most of you are familiar with "Peak Oil" - the argument that after a certain point, production of oil can no longer be increased to meet rising demand. Some believe we are close to (or even have passed) the point at which about half of the world supply of relatively cheap, relatively accessible oil has been extracted - leaving us with growing demand that cannot be fed by the remaining supplies, which become harder (and more expensive) to find and extract.

    What do you think about Peak Oil?

  2. #2
    Senior Member
    Join Date
    Jul 2006

    Re: "Peak Oil"

    I think demand for oil has exceeded cheap-easy supply for a couple of years now. But the mechanics of the market is a bit obscure with traders and speculators.

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