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Actually, I think that whether one is a communist, capitalist, socialist or Paris Hilton worshiper has little to do with the peak. The big fields are found first. The overall decline sets in when the decline in the big fields can't be overcome.
I am really using the Lower 48 and the North Seas as best case histories for the post-peak decline rate.
"Paris Hilton worshiper" WT, great shout out for our great pal Oil CEO. Can we get him Unbanned? I miss him. I can get him to behave I swear.