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RobertSmalls · 02-10-2011, 05:57 PM

Leaked Cables Reveal U.S. Concerns over Saudi 'Peak Oil' - NYTimes.com

The thing that caught my eye about this is that Saudi peak oil isn't in the past, in the future. In fact, it's about 17 years from now, and that just means that 2028 will have just as much Saudi oil as 2027. The tap isn't going to snap shut next year (as the doomers have been saying since the 80's); supply will slowly decline year over year, and that's just the cheap, conventionally extractable stuff. Though the rest of the world's supply doesn't look as good as the Saudi's.

I'm ready for the end of cheap energy. I hope the rest of you are either where you want to be, or at least getting close.

02-10-2011, 05:57 PM	#4 (permalink)
RobertSmalls Left Lane Ecodriver Join Date: Aug 2008 Location: Buffalo, NY, USA Posts: 2,257 Prius C - '12 Toyota Prius C Thanks: 79 Thanked 286 Times in 199 Posts	Leaked Cables Reveal U.S. Concerns over Saudi 'Peak Oil' - NYTimes.com The thing that caught my eye about this is that Saudi peak oil isn't in the past, in the future. In fact, it's about 17 years from now, and that just means that 2028 will have just as much Saudi oil as 2027. The tap isn't going to snap shut next year (as the doomers have been saying since the 80's); supply will slowly decline year over year, and that's just the cheap, conventionally extractable stuff. Though the rest of the world's supply doesn't look as good as the Saudi's. I'm ready for the end of cheap energy. I hope the rest of you are either where you want to be, or at least getting close.