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Tuesday, September 14, 2004

See Change

Put this :

Goldman Sachs calculates that for the first time this year demand for oil will outstrip the world's capacity to refine and distribute it. Benoit de Vitry, head of commodities at Barclays Capital, said: "The oil system has cracked. There is a lack of refinery and distribution capacity. The spare capacity is now down to 1 million barrels a day. People are not worried about having their meal on the table today, but fears are growing about the future."

Together with this:

According to UN-Habitat, 60% of the world's population will be living in cities by 2030.

Humans are on the brink of a historic turning point - changing from being a rural to an urban species, a new United Nations report says.

Why do the two of these reports, taken together, immediately conjure up pictures of laid-off suits huddling together around burning garbage cans to try to stay warm?


Professor Blogger DarkSyde said...

I tried to explain the nature of Peak Oil to a fellow Financial Advisor today. I used the Texas Rail Road Commission Table which shows Texas Crude Prodcution from 1935 through 2003. You can see the production decline in 1974 and every year thereafter, even though the number of producing wells rose and the price of a bbl of oil went through the roof. He looked puzzled and said something like "What are you, some kind of conspiricy geek?"

3:07 PM  
Professor Blogger WHT said...

I would respond, why would you think I was a "perspiring Greek"? I have the utmost respect for the Grecians, but I would never pretend to aspire to Grecianity.

But then again, I had time to think of a stupid response.

5:56 PM  

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