Civinfo - View Single Post

ADT · 23rd April 2008, 09:58

Even the most pessimistic analyses that I have seen claim we have only just passed peak oil in 2005/2007. It definitely didn't happen in the 1980s! The optimists talk about not reaching a peak until 2030 or later (the very optimistic reckon we'll plateau and demand will drop before supply does).

Nonetheless, prices are likely to generally go up because (1) inflation happens and (2) oil companies/oil states have a tight control on supply and rising prices are in their interest.

23rd April 2008, 09:58	#13 (permalink)
ADT Valve Cap Join Date: 17th January 2008 Location: Central London, UK Posts: 25 Thanks: 0 Thanked 0 Times in 0 Posts	Peak oil Even the most pessimistic analyses that I have seen claim we have only just passed peak oil in 2005/2007. It definitely didn't happen in the 1980s! The optimists talk about not reaching a peak until 2030 or later (the very optimistic reckon we'll plateau and demand will drop before supply does). Nonetheless, prices are likely to generally go up because (1) inflation happens and (2) oil companies/oil states have a tight control on supply and rising prices are in their interest.