posted on May, 13 2008 @ 02:51 PM
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
What are your thoughts on this?
[edit on 13-5-2008 by PX Iceman]