Monday, November 19, 2007

Pique Oil

Okay, I'm jealous.
The markets editor at mentioned this story twice
(the second time:"Peak, Plateau — What’s the Difference?", I laughed out loud, that's a good headline. Oy)
on the Energy Roundup blog.

I wish I could write like that.
From the Wall Street Journal Online:

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Some predict that, despite the world's fast-growing thirst for oil, producers could hit that ceiling as soon as 2012. This rough limit -- which two senior industry officials recently pegged at about 100 million barrels a day -- is well short of global demand projections over the next few decades. Current production is about 85 million barrels a day....MORE