> We have well verified statistical models from geologists
> (who have studied this stuff all their lives!) that predict
> that world oil production will peak within the next ten years,
> and then inexorably decline.
I guess what I'm always left with about this issue is: so what? You might as well be saying: smart scientists predict that the portion of US land used for food production is going to peak sometime in 1927, and then inexorable decline.
You'd be right, but it doesn't imply that we're going to starve.
Chuck writes:
> The big oil industry news today was the disocvery of a potentially
> huge oil deposit deep under the Gulf of Mexico, not a replenishing
> source in Texas, Oklahoma or in the oil fields first tapped a century
> ago.
http://search.lbo-talk.org/search/swish.cgi?query=PennzEnergy
/jordan