"Still not convinced about ‘Peak Oil’? Then review Figure 2 which charts the expected combined flow rates for crude oil, lease condensates and Canadian Oil Sands. As you can see from the grey shaded area, production is about to decline by roughly 5 million barrels per day by 2012."BTW, the Chinese just bought into Canadian oil sands.
Tuesday, September 1, 2009
Peak Oil: A Reality or a Lie? -- Seeking Alpha:
Posted by Mother of All Carry Trades at 12:11 AM