Reply #38: Peak II in 3D (thanks for the chart) [View All]

I do not doubt that there is a "peak oil" and I don't doubt the information is used to manipulate the market.

I'm no expert but could it be possible that there are less discoveries because there is less exploration?
There is oil in Alaska which the govt seems to be going back and forth with the environmentalist about. How much oil is there?

Obviously the more you use (oil) the less there will be, it will not last forever. How much oil do we have left? Is it reason to raise oil prices now?

I do know that there was not much Natural Gas exploration at one point because it was cost prohibative with the low price of gas. When they didn't explore, the prices moved up. As with Oil and Gas, when the price goes high enough, the exploration companies will jump back into action because now they can profit from that exploration. In a way, what do you expect? These are companies, they need to make money, they don't want to lose money... but it opens these markets for a good deal of manipulation.

I am for seeking out new energies and renewable energies but it looks like our govt is not too keep on the idea as it will bring more competition to the markets they love to manipulate.

Any place I can get more of those charts?

Thanks,
Dap