Christophe de Margerie (no less!) agrees with Hugh Sharman's long-stated view that we are unlikely, ever, to see 90 million bopd liquids production

 And yet a truly serious Energy Plan B is not yet even in sight!

Something to ponder! Hirsch writes in the attached on the reduction of oil demand

“Recently, OPEC cut back oil production in an attempt to stem the oil price decline. How much might their cutbacks delay the onset of world liquid fuels production decline? Assuming the plateau model and five years to the onset of decline, each million barrels per day of oil production withholding buys roughly three weeks delay, so a steady, continuing reduction of say four million barrels per day over five years might result in a delay in the onset of world oil production decline by maybe three months. Thats not very much.”

Hugh

From: http://aspo-usa.com/  – Association for Study of Peak Oil

 eamil –review@aspo-usa.com

 

See also: http://tx1.fcomet.com/~claverto/cms/electricity-prices-in-the-united-kingdom.html

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