By all appearances, we've hit a plateau. Are we being gamed by OPEC with some hidden spare capacity, with the end result being a world that reforms before the worst hits (while incidentally making an obscene fortune)? I'd like to think so, but perhaps that assumes too much good will on the part of those pulling the levers. Plus, I hear frequently now, "better fly while you can", so we can't assume too much about those who let their levers be pulled.

I was born in Yugoslavia and have witnessed all the mess we had during '90-es. After that experience, I am extremely doubtful that we humans are truly capable of solving our problems reasonably and peacefully. Individually, we can be pretty smart, but as a crowd, we are like a hysterical child. Centrifugal forces might tear this world apart.

Nice to have you here Miroslav. I have been to some parts -Croatia/Bosnia as a tourist. Lovely place, people, beer and wine. Maybe it was too nice??

I agree about groups, they are dangerous and waiting for someone to direct them. We all can see how that ends up.

Can't we all just get along and hate the Turks like the good old days.

RobertInTucson

I haven't escaped from reality. I have a daypass.

The graph is looking a little more plateau like than it had in previous months. But as memmmel has said, perhaps the focus should be more on crude oil than on total liquids, and crude oil is looking "peaked" if you ask me.

Ken

I agree, and I assert that TODer's can really build up credibility by showing how well they can model and substantiate the crude oil situation. Excluding BushCo, it is all about credibility isn't it?