This last summer when oil prices were very high, there was a lot of fear that our oil way of life might end much sooner than we expect.
I saw a lot of people that believed peak oil was upon us. But those fears have calmed a bit now that oil is down to about 60 instead of ~75 and supply has shown that it can meet demand.
Those of you that are familiar with the idea of peak oil, how much longer do you think we have till production starts declining?
My vote is 10 years.
I saw a lot of people that believed peak oil was upon us. But those fears have calmed a bit now that oil is down to about 60 instead of ~75 and supply has shown that it can meet demand.
Those of you that are familiar with the idea of peak oil, how much longer do you think we have till production starts declining?
My vote is 10 years.
