Jess Olson ([info]jessbunbun) wrote,
@ 2007-09-30 11:08:00
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Ghawar (largest oil field, in Saudi Arabia) and Cantrel (Mexico, Gulf of) on decline
http://www.youtube.com/watch?v=AI1e3FDD65k

Saudi's largest oil field is in decline, this guy thinks it's 4 to 5% and has heard more.

http://www.youtube.com/watch?v=4fo3sxhBylw

This guy says Mexico's Cantrel is down 20%. (Though he didn't' say from it highest production ever or year-over-year or wha metric.)



Solar Powered houses will be big!

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[info]bfaber
2007-09-30 04:48 pm UTC (link)
This is catastrophically bad. I don't think people realize how bad this is gonna be....

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[info]jessbunbun
2007-10-01 02:46 pm UTC (link)
It will be, the only thing is *when*.

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[info]bfaber
2007-10-01 03:05 pm UTC (link)
The one hope I guess I could hold out for, is that the price increase curve on oil is shallow enough to give us time to get alternatives in place. I fear its too late though, especially if we're already past the peak...


'In the meantime, everybody's still trying to jack up home prices... run up debt and otherwise ignore the obvious. *sigh*

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