So if oil stays at $51/barrel until 2009, does this count as a "correct" prediction?

Talk about delusional thinking.  Norway has already peaked, and the North Sea as a whole is crashing--down 25% since its 1999 peak (at 52% of Qt)--EXACTLY as predicted by those peaky Peak Oilers using the Hubbert/Deffeyes Linearization method.  

I would assume that a lot of exports from Norway (in effect, if not actually) are now going to the UK--a former exporter, and now an importer.  If one looks at net imports out of the North Sea, this number has to be crashing big time.

Talk about delusional thinking.  Norway has already peaked, and the North Sea as a whole is crashing--down 25% since its 1999 peak (at 52% of Qt)--EXACTLY as predicted by those pesky Peak Oilers using the Hubbert/Deffeyes Linearization method.  

I would assume that a lot of exports from Norway (in effect, if not actually) are now going to the UK--a former exporter, and now an importer.  If one looks at net exports out of the North Sea, this number has to be crashing big time.

My city (Huntsville Alabama, home to Marshall Space Flight Center and To a BIG Army base just getting bigger) has all these new road expansion plans, are in fact about 40% done ( never can tell they are doing work on it over to big an area ) and still churning away, just in time for the folks to have a big old bike path with hills and dips.

I have driven about 100 miles in the last 2 months all total, down from 150 a week.  Oh yeah I am un-employed, though have fallen off the roles ( Stats are such nice tweekable things ).  

 I have given up trying to explain to people why the market and the gas prices are so mean to them. Just read it in the Headlines!

"Most commentators, putting aside the depletion argument, do take the view that at least over that period through 2010 supplies will be made available", said John Waterlow, an analyst at Wood Mackenzie Consultants Ltd. in Edinburgh.

Norway, which ranks behind Saudi Arabia and Russia in world oil exports, forecasts its production will peak in 2008. Oil and Energy Minister Odd Roger Enoksen in a Dec. 8 interview said he thinks it will come later.

``We had thought we would very quickly see a strong drop in oil production, but now we expect to keep it at a plateau for longer,'' he said.

[Exxon Mobil Corp. President Rex Tillerson] in September told the World Petroleum Congress in Johannesburg that a U.S. Geological Survey estimate of 2 trillion barrels of conventional oil reserves still to be recovered is conservative, with the range of possibility as high as 7 trillion barrels. Less than 1 trillion have been pumped already.

Without a peak in production, Murti expects the price of New York oil to fall to about $35 a barrel in New York between 2010 and 2014. That matches forecasts from Schroders Plc for $35.50 by 2010 and is lower than Merrill Lynch & Co. predictions for $40 to $45 by the end of the decade.

Upon arriving at Delphi, the supplicants registered and paid a fee; when their appointments neared, they purified themselves at the Castalian Spring, where the bathing trough is still visible. They then proceeded along the Sacred Way, a zigzag flagstone walk up the hill. The Sacred Way was lined with statues and offerings, most of which have long disappeared, although a few surviving examples can be seen in the Delphi Museum....