Forum

TruthMove Forum

TruthMove Forum » TruthMove Main Forum

CNBC: The 'Peak Oil' Theory: Will Oil Reserves Run Dry? (1 post)

  1. truthmod
    Administrator

    Compelling responses to Peak Oil skeptics from Matt Simmons:

    http://www.cnbc.com/id/23728987

    Oil's recent slide and the slackening demand that an economic slowdown's expected to bring have stimulated hopes that crude could soon safely stabilize below the $100 range.

    But beneath seesawing supply and demand lies the deeper question of just how much oil the planet has in the first place — and how much it will have in the future.

    The answer to that question supports — or undermines — the theory that we are in the midst of an ever-tightening supply that will lock prices into a permanent, rising arc. That, in nutshell, is what's meant by the term "peak oil".

    Posted 16 years ago #

Reply

You must log in to post.