2010-05-14
Oil Production Trend Not Going Up
It is becoming more and more apparent that the era of ever increasing oil production is over. The world is in a now six year period of flat oil production. This failure to increase production occurs at a time when prices are at unprecedented highs. Here we have the clear signature of peak oil setting in ... it would appear that we are now very near the peak. Prognosis: in the near future global oil production will not be able to hold up, and will actually start to decline. This means we will be forced to save on gas whether we want to or not ... so we would be best off to start learning how to save on gas before we absolutely have to. Like the old saying goes, forewarned is forearmed.
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