

| Subject: | Re: gas prices.. |
| From: | John Rodgers |
| Date: | Thu, 26 Feb 2004 11:33:13 -0600 |
I have seen some numbers projecting oil production for some years into the future. I don't remember the specifics, but with the known oil reserves world wide, production is expected to peak then start a decline in about 25 years. That won't affect me, I'll most likely be dead and gone - but my children and their children will be affected unless some other economical energy supply is developed. John Rodgers 88 GL Driver don spence wrote: > I read the other day from a reliable source, that at the current world > wide rate of consumption it would take just 11 years to drain the > worlds largest single reserve (Saudia Arabia) if it were the only > supply. If everybody drove Vanagons, i'm guessing it would be about > than half that. > > That's the reality folks and Hydrogen fuel cells are not the answer. > On Wednesday, February 25, 2004, at 03:47 PM, Automatic digest > processor wrote: > >> Date: Wed, 25 Feb 2004 14:34:49 -0500 >> From: "Daniel L. Katz" <katzd54@YAHOO.COM> >> Subject: Re: gas prices.. >> >> on any given day the price of a commodity, such as unleaded gasoline, >> is >> determined by many factors. perhaps oil companies have been >> overcharging >> at the pump lately, i don't know. >> >> nevertheless, consider these facts: >> >> united states petroleum production peaked in 1970, about 80% of our >> original, one time allotment of petroleum has been consumed, and the >> point >> is being reached where it takes almost as much energy to produce >> petroleum >> as is derived from the petroleum - this in the face of a population >> exploding at better than 1%/y, mainly fueld by mass immigration. >> >> world petroleum is 50% consumed, the year of peak production will occur >> within a few years (so far 2000 has been the peak year, so maybe it has >> already past), production will fall rapidly after that, and in just a >> few >> decades world production will be down to that of just the west in 2003, > >
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