Picked this up from ZeroHedge blog.
The comments on this run from OK to way out there. I do not agree on the peak oil chart that production will drop as fast as the chart indicates… I feel it may be more of a stable production level for several years then a more gradual slope down, but predictions are really hard when they involve so many variables. Price is directly connected to how much oil will be produced… the cost of production or finding is going up pretty fast and that means… the cost of the output has to go up or the production will go down? (Economics 101).
I know everyone likes to hate big oil, but all those in the hate group need