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Registered
Join Date: Dec 1969
Location: Lac La Biche, Alberta, Canada
Posts: 951
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What I found interesting was the impacts of a relatively modest drop in consumption on crude oil prices. To date, oil prices seems to have generally been driven by consumption and refining capability.
Peak Oil theorists have talked about oil production peaking around year 2010 with world production beginning to drop after that. When oil production becomes less than oil demand, I wonder how high the price will go?
Tim
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1986 911 Cab
2008 Audi A6
Last edited by Tim Polzin; 12-30-2008 at 10:57 AM..
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