Is world oil production in its final decline?, page
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Topic started on 13-5-2008 @ 02:51 PM by PX Iceman
It seems to me that, as various geologists and scientists have feared, world oil production has already peaked, and is on a descent of production.

Why do I say that? the obvious #1 reason, the steady climb of the price of crude, which affects the price and availability of a GIGANTIC amount of consumer products. We've all experienced things from toiletries to home improvement products (such as carpeting) going up in price exponentially.

We probably haven't experienced a true shortage in availability, as people just are not spending as much as they did even just five years ago on personal care products, home improvement projects, new cars or car accessories, etc. and so diminished output from world oil fields would not be further made worse by consumption of products made with (or from) oil derived products. When spending on products and services increases yet again, will oil production rise yet again to meet the added demand? I doubt it would be able to.

But gas and diesel consumption has certainly increased. Could the rise in prices be dues to a typical increase in demand versus a decrease in supply? When you pump gas into your gas tank, have you noticed that the pump now slows down well before the amount that you purchased? For ex. if you bought $20 of gas in 1999, the pump would slow down at around $18.90 or so. Now, if you buy $40, the pump slows down around $35.50... Why so early? if the pumps are routinely calibrated, why does it matter when the pump slows down? Is this an attempt of the Gas companies to save a few drops of gas per pump?

What are your thoughts on this?

[edit on 13-5-2008 by PX Iceman]


reply posted on 20-5-2008 @ 03:29 AM by Anonymous ATS
reply to post by PX Iceman


Dear OP: I absolutely agree with you the world is starting to run out of oil. Peak oil theory says it started in 2005 with very few people knowing about it. According to the theory we are now on the downhill side of the bell curve. The Saudis had been keeping it a secret for the last couple of years, but now the cat is out of the bag since President Bush proclaimed to the middle east oil producers that they are running out of oil. If oil keeps going up at its' present rate it will be around $150.00 a barrel at the end of this year. If these increases continue over the nest few years I believe we will see a crash of our civilization as we know it. Cat Man
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