The Oil Drum | Further Evidence of Saudi Arabia's Oil Production Decline

237 comments on Further Evidence of Saudi Arabia's Oil Production Decline

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Nowhere on April 10, 2007 - 2:20pm

CNN says cheaper gas in 2007 ?????????????

http://money.cnn.com/2007/04/10/news/economy/eia_fuels/index.htm?postver...

How do they figure gas will be cheaper???????

Nowhere is Now Here!

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NZSanctuary on April 10, 2007 - 8:14pm

I notice everything BUT PO is mentioned as a reason for the overall high gas prices in the last couple of years... but then the piece seems to be looking at short term trends (i.e. above ground factors weigh in heavily) rather than the long term trend of increasing supply problems...

"You can never solve a problem on the level on which it was created."
Albert Einstein

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237 comments on Further Evidence of Saudi Arabia's Oil Production Decline

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905