146 comments on IEA Supply Creeping Up
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and welcome to TOD.
At ASPO-5 the Luca, the oil trader, mentioned that an increasingly non-commercial speculative component is now at play in the oil market, which is clear to those who keep a watch on the commercial and non-commercial parts of futures.
Colin Campbell stressed that the year when peak is reached, is immaterial, and we should be concentrating on how we cope after the peak. Jeremy Leggett also gave a great talk and said that we cannot afford to burn all the hydrocarbons, for that might trigger a runaway global warming.
Thanks for the welcome. I do not plan to post very often, as I am working to get my house into a shape which will withstand a cold winter without natural gas.
best, Seppo Korpela