[lbo-talk] Oil touches $57 per barrel, many OPEC members at or above capacity

Miles Jackson cqmv at pdx.edu
Fri Mar 18 19:36:32 PST 2005


On Fri, 18 Mar 2005, Doug Henwood wrote:


> Miles Jackson wrote:
>
>> I've said it before and I'll say it again: Hibbert's peak
>> is upon us. Hate to be gloomy, but given the geological
>> realities and our insatiable demand for crude, we're fucked.
>
> Bet that's not true.
>
> Doug

Okay, I'll stick my neck out here: world oil production will peak no later than 2010. I hope I'm wrong, but the statistical model is pretty compelling. I'm not a betting man, but come 2011, we'll see.

Miles



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