Friday, January 06, 2006

Peak oil evidence starting to appear?

Interestingly this week produced evidence that one country at least either hit a major glitch in the oil production or reach that previously mythical status of "peak oil". Of course one country reaching a peak does not a world peak make - that was figured out in the seventies. But one wonders just how much longer the Kingdom of Saud can continue to "keep it up" and pretend its actually got lots more oil production capacity in reserve.

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