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even if they make all the investment plans announced are made and are on time, we'll still have a gap of 12.5mb/d (more than 10% of overall demand) by 2015; we now officially need to beg OPEC to invest more;
Remember when they lowered projected future oil demand from something like 120 mbpd to 115 mbpd? They got that by deciding you needed a little less oil for a certain amount of growth. Peak oil is not an energy crisis. It is a liquid fuel crisis.
- Jake Your representatives may not listen to you. But they do read your e-mail.
After looking at demand they way I described above, they put supply=demand.
Brilliant.
At least that's how they did it a few years ago. Recent development may suggest they have been going sober. Peak oil is not an energy crisis. It is a liquid fuel crisis.
