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Peak Oil Piques Interest? By William Jorgensen

Peak Oil Piques Interest? 

Comment in relation to the recent topic in The Wall Street Journal: Oil News Roundup: September 1, 2006 4:59 p.m. Peak Oil Piques Interest: ‘Peak-oil’ doomsayers have long been dismissed by oil companies and others, but they are starting to catch the ear of some on wall Street, Bloomberg reports.

Comment by William Jorgensen

I should think so. With several billionaires shifting a large percentage of their interest into alternative energy and oil exploration, the writing’s on the wall. The Saudi Ghawar field dropped an “inexplicable” .8% last month, if this continues for a year then the downside prediction on Hubbert’s Peak will have been realised.

 

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1 Comment on “Peak Oil Piques Interest? By William Jorgensen”

  1. #1 William Jorgensen
    on Aug 9th, 2007 at 00:15

    As a rigger and scaffolder working in petro-chemicals for thirty years I always wondered why I never saw anything that looked like a replacement part straight of the shelf, even on new projects. Many shortcuts that could’ve been economically justified all seemed to point to disinterest. The discovery of Peak-Oil, along with it’s attendant Peak-Everything, jolted me into action. I’ve found a way out of complete disaster but have no ears worth mentioning, other than other Peak-Oilers with their own agendas, philosophies and penchants.
    Perplexed…

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