Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
And that was when they changed the baseline of measurement.  Light sweet crude had been the standard, due to its desirability over other grades of oil.  Now they throw crap crude (heavy sour crude, reconstituted tar sand, whatever) into the mix, to improve the numbers.  Its a little like adding lead to debase your gold coins.  

Peak All Petroleum Liquids 2008.  

Last I looked, we are well into 2009, so the use of future tense is really inappropriate--unless we get very, very lucky, and with the major fields in rapid decline that is defintely a long shot. .  

Well, the media will be speculating on "when peak oil will arrive" long after oil has become available only on the black market and you have to know somebody to arrange a buy.  

Meanwhile the real news is who is now admitting the state of decline, after years of stonewalling.  

Official pronouncements are now up to last year.  

I can't wait for the new spin.  Maybe tarsands will save us . . .

The "Rubicon" was crossed in 2001, when the US decided that the remaining oil would be fought for, and began implementing that decision.  All else follows.  

The Fates are kind.

by Gaianne on Tue Aug 4th, 2009 at 07:59:52 PM EST
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