India’s Apititie for Oil
Friday, December 14th, 2007From “International Petroleum Monthly Report”, Nov 2007.)
>>>>>
>>>>>It looks as though Peak Oil may have arrived in 2005. If so, from now on
>>>>>fuel prices are headed North with knobs on. You ain’t seen nothing yet.
>>>>>
>>>>>In 1973, after the six-day war reduced world oil production by 5%,
>>>>>prices rose by 400%.
>>>>
>>>> Not at the pumps.
>>>>
>>>> Using your figures oil production has fallen by a bit over 0.3% in three
>>>> years.
>>>>
>>>
>>>Yes but with the world’s population expected to increase by around 50 per
>>>cent during the next 30 years and the ever increasing demand from
>>>countries
>>>such as China and India Et Al, with our supplies increasingly dependent on
>>>pipelines exposed to acts of terrorism and the whims and vagaries of a few
>>>key oil producing countries, then I tend to agree with Richard, I think
>>>that
>>>there are going to be some very interesting times ahead!
>>