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Interesting comment, Saudi peaked back in 1980. Simmons wasn't nothing but an ordinary stock market investor back then - without disregarding the work he has done more recently.

As I wrote before, so far there is no evidence supporting Simmons's claims of a second leak, far from the BOP, flowing at 120 Kb/d. Also, given that no well at the GOM as ever produced more than 50 Kb/d, the changes of this being true are really slim.

luis_de_sousa@mastodon.social

by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Jun 19th, 2010 at 03:53:53 PM EST
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The Fates are kind.
by Gaianne on Sat Jun 19th, 2010 at 05:52:05 PM EST
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Yep, they did. But not because of geological constraints. Central banker of the oil market and all that.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sat Jun 19th, 2010 at 08:47:27 PM EST
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