OPEC cut back production when the price of oil seemed to be heading to $50 a barrel.

Opec actually peaked in September of 2005 when oil was, at that time, near an all time high.

Ron Patterson

Oh, come on guys-
let JD think he's finally gotten something right!

He's got 313 posts trying.
Think he's good for another 313?

What's wrong, JD -
Price of Oil can't quadrupple?
Dollar can't fall off the cliff?
Food prices can't take jumps because of increase in energy prices?

Oh, yeah, I forgot:
PEAK OIL IS GOING TO BE A NON EVENT.
Well, two years into it, you are right. It is a non-event. We're still getting ours.
WE are still getting OURS. How long, Mr. Prophet??

Is 5 f'n years a lifetime to you or what? We haven't even fallen off the cliff yet, and you've already lost patience?

Peak is here. But as long as I'm getting MINE, who cares what's going on in Africa?

Cheers, Dom