Quote:
Originally Posted by ADT
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.
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The optomistic forcasts are paid for by the oil companies. as for the demand plateau . China will double its energy consumption , and has bought up supplies all round the world to garantee supply