Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

Actually Nick,

I have to agree that it's decades before it "runs out". But, what the bell-curve has proven time & again is that once a field hits its peak, then everything changes.

For example, if it took 1/32 barrel of oil to extract 1 barrel of oil PRIOR to the peak, then the numbers begin changing AFTER the peak. The cost to extract begin to rise... (ie: 1/2 barrell to extract 1 barrel... then, 3/4 barrel to extract one barrel... then, gadddddddddds, 1 or 1+ barrel to extract 1 barrel.)

This occurance runs the gammit of all known fields. And, they are saying that Peak Oil worldwide is now. We are running the plateau of the peak, & the downward side is (arguably), 2-10 years globally.

That means... price moves up.. uhmmmmm... forever (or until supply/demand changes -- alternative fuels -- slow-up the rising cost process).

The knowledge of where we are, an industrial world dependent on fossil fuels, facing all the repercussions of increasing prices... this may very well mandate our investment decisions moving forward.