First things first. I hope I'm not breaking a rule on this one. I figured this is probably the best place I know of to have a discussion on this topic.
Please keep discussion on topic. Please keep politics out of this one.
I was surfing the web and came across this article:
http://money.cnn.com/2007/09/14/news/economy/peak_oil/?postversion=2007091414
After reading it I then realized how much hurt we could be in if oil has indeed peaked. I just want to get my fellow BITOGers thoughts on the subject.
A couple of questions...
1. I heard that old oil wells that were once dry are filling back up. Any truth to this?
2. Do you guys think that oil production has or will peak in the near future?
Let me know what you guys think....
Please keep discussion on topic. Please keep politics out of this one.
I was surfing the web and came across this article:
http://money.cnn.com/2007/09/14/news/economy/peak_oil/?postversion=2007091414
After reading it I then realized how much hurt we could be in if oil has indeed peaked. I just want to get my fellow BITOGers thoughts on the subject.
A couple of questions...
1. I heard that old oil wells that were once dry are filling back up. Any truth to this?
2. Do you guys think that oil production has or will peak in the near future?
Let me know what you guys think....