RE: Oil peak in the rear view mirror

ciao,

I just want to add to Joel's coment that media is now giving
more information about the peak oil production in 2006 and
predicting of steep decline in oil production. Main causes for
this situation on oil market are risk of war and unrest.

This article shows that world oil production has already peaked
and will fall by half as soon as 2030, according to a report which
also warns that extreme shortages of fossil fuels will lead to wars
and social breakdown.

http://www.guardian.co.uk/oil/story/0,,2196435,00.html

This black bizarre scenario is just proving that Dr.Marion King
Hubbert was right in his early predictions about the peak oil
predictions and economic crises in US.

http://www.lifeaftertheoilcrash.net/

And Herald Tribune have noticed that" Crude oil climbed above
$93 a barrel for the first time" and that price of crude oil is
approaching the price of $100 a barrel.

http://www.iht.com/articles/2007/10/29/business/oil.php

Week by week the price of oil is going up before the coming
winter and worse is yet to come !!!.

We are not willing to frighten people but to warn them about
the evident consequences of the cheap fossil fuel based economy.

Get on your bike and ride !. Try to relax and forget at least for a while
about your problems.

Milan Boric

"Yugo Cycling Campaign"
Decanska 5 mezzanine
11000 Belgrade, Serbia
www.bicikl.info
tel: +381 11 3225 949
fax: +381 11 3220 871
mobile: +381 63 372 752


>From: "J.H. Crawford" <[email protected]>
>To: [email protected], WCN list 
><carfree_network-3hfIC0tI0F+k/[email protected]>
>Subject: [carfree_network] Oil peak in the rear view mirror
>Date: Wed, 24 Oct 2007 08:34:32 -0500
>
>
>Hi All,
>
>Oil peaks are usually only visible once they have been passed.
>It looks like 2006 was the year for global production.
>
>It will be interesting to see how much media play this gets.
>
>Regards,
>
>Joel
>
>
>http://edition.cnn.com/2007/BUSINESS/10/24/oil.decline/index.html
>
>Report: 'World at peak oil output'
>
>LONDON, England (CNN) -- The world has reached the point of maximum oil 
>output and production levels will halve by 2030 -- a situation that will 
>eventually lead to war and disaster, a report claims.
>
>The German-based Energy Watch Group released a report Tuesday saying the 
>world's oil production peaked in 2006 and from now on will drop by around 3 
>percent a year. It says that by as early as 2030, the global availability 
>of oil will be half of what it was at its peak.
>
>"It's a very serious result," said Hans-Josef Fell, a German lawmaker from 
>the environmentalist Green Party who commissioned the report. "I fear the 
>world will come into a big economic crisis in the coming years."
>
>The report warns that coal, uranium, and other key fossil fuels are also in 
>declining supply. It predicts the fall in fossil fuel production will bring 
>with it the threat of war, humanitarian disaster, and general social 
>unrest.
>
>But Leo Drollas, who leads oil and gas market analysis and forecasting at 
>the Center for Global Energy Studies in London, said there are plenty of 
>supplies and no looming crisis. He said the report sounds like 
>"scaremongering."
>
>Drollas says production could still slow one day, but only because new 
>reserves will be considered too difficult or expensive to extract.
>
>"Oil could be left in the ground and we could move on to another fuel in 
>the future, not because we're running out of oil but because, economically 
>speaking, it is not worth extracting the oil," Drollas said.
>
>The debate comes as oil prices have hovered at record level. Wednesday 
>morning, NYMEX crude was listed at $84.96 a barrel; oil prices topped $90 a 
>barrel last week.
>
>Analysts do agree, however, that oil prices could continue to rise, 
>especially if there is further instability in the Middle East.
>
>
>
>-----                           ###                            -----
>J.H. Crawford                                         Carfree Cities
>[email protected]                           http://www.carfree.com
>
>
>
>[carfree_network] list guidelines and unsubscribe information are found at 
>http://www.worldcarfree.net/listservs/. Send messages for the entire list 
>to carfree_network-3hfIC0tI0F+k/GrYEfjPQuG/[email protected] Send replies to individuals off-list.

_________________________________________________________________
Express yourself instantly with MSN Messenger! Download today it's FREE! 
http://messenger.msn.click-url.com/go/onm00200471ave/direct/01/



[carfree_network] list guidelines and unsubscribe information are found at http://www.worldcarfree.net/listservs/. Send messages for the entire list to carfree_network-3hfIC0tI0F+k/GrYEfjPQuG/[email protected] Send replies to individuals off-list.