I was looking through some old bookmarks and found some articles from 2010:
US military warns oil output may dip causing massive shortages by 2015 | Business | The Guardian
BBC News - Oil crunch 'just five years away'
They basically warn that global oil demand will outpace supply by 2015, throwing economies into another recession.
The other prediction was that oil would reach $100 a barrel by 2015.
Fast forward 4 yrs to today and we have $100.00 a barrel oil that has just jumped to $107 because of the crazies in Iraq.
Another recent announcement that concerns me is that the Monterey reserve in California, which accounts for 30% of the total US reserve, is not recoverable with our current technology.
I'm curious what plans you have made for dealing with any of this or if you think it will be an issue at all.
US military warns oil output may dip causing massive shortages by 2015 | Business | The Guardian
BBC News - Oil crunch 'just five years away'
They basically warn that global oil demand will outpace supply by 2015, throwing economies into another recession.
The other prediction was that oil would reach $100 a barrel by 2015.
Fast forward 4 yrs to today and we have $100.00 a barrel oil that has just jumped to $107 because of the crazies in Iraq.
Another recent announcement that concerns me is that the Monterey reserve in California, which accounts for 30% of the total US reserve, is not recoverable with our current technology.
I'm curious what plans you have made for dealing with any of this or if you think it will be an issue at all.