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[Clansgian AT wmconnect.com]

> >Got wood?
> 

I am amazed beyond  words at how long it takes for something to sink into the 
heads of the American public.

We reached world peak oil two and a half years ago, that is the amount of 
crude being mined out of the earth was highest in December of 2005 and has 
not 
risen beyond that since.  There was a bit that world crude poduction had 
risen 
slightly above a that in January of this year, but the stat is bogus.  They 
are 
counting the crude oil used to process tar sands and tar shale (not oil sands 
or oil shale, there is no such thing) and the resulting oil processed from 
the kerogen as BOTH in the sum.   

That is, the reason the Saudis won't agree to raise their output is because 
they CAN'T.  They are at peak production and their major fields such as 
Gahwar 
are in decline.  Mexico's Cantarell, Alaska's North Slope, North Sea, and all 
the really big oil fields in the world are in documented decline.  None of 
the 
new discoveries amount to a teacup in a swimming pool to stem the decline in 
production.

It boils down, says I, to two propositions:

1) Greedy oil compaines, patents being bought up, oil fields being capped off 
to create a scarcity, trillions of oil from tar shell if only we'd develop 
it, refinery capacity, if we only bought gas on every other day (?!)

or

2) Oil has peaked.


Let me see, which accounts for what's going one ... which one....???


James   </HTML>