Peak Oil

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Saudi Arabia's biggest export after oil is terrorism.
16 of the 9/11 hi jackers were Saudi, Bin Laden was Saudi ,they are busy flattening Yemen, they flog,crucify,and behead their own people yet when they come to the UK the government rolls out the red carpet.
 
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This is the Peak Oil thread.

Go start your own.
 
Saudi Arabia's biggest export after oil is terrorism.
16 of the 9/11 hi jackers were Saudi, Bin Laden was Saudi ,they are busy flattening Yemen, they flog,crucify,and behead their own people yet when they come to the UK the government rolls out the red carpet.
It will stop when the oil runs out!
 
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silly boy, vinty

your imagination is leading you astray
 
If my wife had actually raped someone, or consciously and knowingly been transporting alcohol contrary to the law of the country, she could hardly complain about the law being applied to her, especially if she was there as an economic migrant.

In this particular case, punishing the victim does not apply.

This is the Peak Oil thread.

Go start your own.
 
I see Jack Hand is thinking of making an observation on international law. You have nothing to say about Peak Oil.

Start your own thread, Jack.

It will make a change from your usual obsession with religion and race.
 
I see Jack Hand is thinking of making an observation on international law. You have nothing to say about Peak Oil.

Start your own thread, Jack.

It will make a change from your usual obsession with religion and race.

Not sure I have posted much if anything on race, just the evils of so called ROP. But accuracy has never been your strong point JD. Has it?
 
Poor old jack won't even look at the thread title at the top of the page.

Go away, start your own obsessive thread.

Peak oil, an event based on M. King Hubbert's theory, is the point in time when the maximum rate of extraction of petroleum is reached, after which the rate of production is expected to enter terminal decline.[1] Peak oil theory is based on the observed rise, peak, fall, and depletion of aggregate production rate in oil fields over time. It is often confused with oil depletion; however, peak oil is the point of maximum production, while depletion refers to a period of falling reserves and supply.

Some observers, such as petroleum industry experts Kenneth S. Deffeyes and Matthew Simmons, predict negative global economy implications following a post-peak production decline and oil price increase because of the high dependence of most modern industrial transport, agricultural, and industrial systems on the low cost and high availability of oil.[2][3] Predictions vary greatly as to what exactly these negative effects would be.

Oil production forecasts on which predictions of peak oil are based are often made within a range which includes optimistic (higher production) and pessimistic (lower production) scenarios. Optimistic[4] estimations of peak production forecast the global decline will begin after 2020, and assume major investments in alternatives will occur before a crisis, without requiring major changes in the lifestyle of heavily oil-consuming nations. These models show the price of oil at first escalating and then retreating as other types of fuel and energy sources are used.[5] Pessimistic predictions of future oil production made after 2007 stated either that the peak had already occurred,[6][7][8][9] that oil production was on the cusp of the peak, or that it would occur shortly.

Hubbert's original prediction that US Peak Oil would be in about 1970 seemed accurate for a time, as US average annual production peaked in 1970 at 9.6 million barrels per day.[12] However, the successful application of massive hydraulic fracturing to additional tight reservoirs caused US production to rebound, challenging the inevitability of post-peak decline.[13] In addition, Hubbert's original predictions for world production proved premature.[4]

https://en.wikipedia.org/wiki/Peak_oil

https://upload.wikimedia.org/wikipe....png/776px-World_Oil_Production_1980-2012.png
 
"BP's latest Energy Outlook 2035 - a comprehensive attempt to chart and predict the course of supply and demand in the sector - confirms the significance of the shale revolution. The US boosted production by about 1.6m barrels of oil equivalent per day in 2014, which ranks as the fourth largest annual production increase of any country in history (topped only by Saudi Arabia in 1991, 1973 and 1986, respectively). The US is now the top producer globally, ahead of both Russia and Saudi Arabia. Crucially, BP estimates productivity growth in US shale oil - as measured by new-well production per rig - at an astonishing 34 per cent a year between 2007 and 2014.

This has shifted not just the balance of supply and demand but also the balance of trade. With North America due to become a net exporter this year, oil is starting to travel from West to East rather than vice versa, the historical norm. As Saudi Arabia and Russia have struggled to find new markets, oil inventories have piled up, weighing on prices."

http://www.investorschronicle.co.uk...B61053E3F806F80F442401AF3D115.mps-apr-01-8104
 
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