 | Peak Oil Update - December 2007: Production Forecasts and EIA Oil Production Numbers | The Oil Drum | TOD POLL: Where will crude oil close 1 year from now (12/31/2008)? |  |
318 comments on DrumBeat: December 30, 2007
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318 comments on DrumBeat: December 30, 2007
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Interesting that the Millennium Institute T21-USA model calls for $350/barrel oil in 2011. However, the economy "cracks" that year and oil falls to below $200 in 2012 due to "reduced economic activity" conserving oil and reducing demand. By the end of 2012, oil is above $200/barrel and never drops that far again.
I saw a curve you had prepared by Khebab of a price range in Houston. I would find that of interest.
Best Hopes for Wendi & Brian (inside comment for the time being, more later),
Alan
They are really cool people, and we had a very good visit with them. They are now northbound, hoping to link up with PG.