{"id":11604,"date":"2012-04-30T01:16:39","date_gmt":"2012-04-30T07:16:39","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=11604"},"modified":"2012-04-30T01:16:39","modified_gmt":"2012-04-30T07:16:39","slug":"hitting-the-peaks-maybe","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2012\/04\/30\/hitting-the-peaks-maybe\/","title":{"rendered":"Hitting the PEAKS? Maybe?"},"content":{"rendered":"

Picked this up from ZeroHedge blog<\/a>.<\/p>\n

The comments on this run from OK<\/strong> to way out there. \u00a0I do not agree on the peak oil chart that production<\/strong> will drop as fast as the chart indicates… I feel it may be more of a stable production<\/strong> level for several years then a more gradual slope down, but predictions are really hard when they involve so many variables. \u00a0Price is directly connected to how much oil will be produced… the cost<\/strong> of production<\/strong> or finding is going up pretty fast and that means… the cost<\/strong> of the output has to go up or the production<\/strong> will go down? \u00a0(Economics 101).<\/p>\n

I know everyone likes to hate big oil, but all those in the hate group need to look at who really is big oil… Not the companies that once had a tight grip. \u00a0It is now a lot of “countries” that own and control the production<\/strong> of oil so once the governments get involved anything<\/strong> can happen and it usually does… not for the better either.<\/p>\n

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Guest Post: Peak Dow, Peak GDP And Peak Oil<\/h1>\n
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\"Tyler<\/a><\/div>\n

Submitted by\u00a0Tyler Durden<\/a>\u00a0on 04\/26\/2012 12:01 -0400<\/p>\n