Monday, November 5, 2007

Waiting for the fall

More from Matt Simmons on what's awry in the oil patch. You need rigs to drill oil and we apparently have rust buckets galore, positively vintage in auto terms.The Energy Watch Group, a German outfit, has published a lengthy report on the state of oil production and reserves. The Executive Summary is here. The report is being chewed on by Peak Oilers all over. They are of the view that we are

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