| generic-user-1 said: i dont see any probles with the historical trend. the only problems are the proections and they ave to adust them every year so i dont real care about them. |
Projections might differ, but I don't see how you could expect it to last for decades with this trend. The fact that in most major local markets the oil production is stagnating at best or quotes from oil companies officials who expect it to decline do not raise any doubts in your prognosis?
Here's another litttle chart for you, was done before that little dive in oil prices. It's not intended to represent any actual data, purely illustratory, to give an idea how the scissors of solvent demand decline and cost of production growth kills cheap oil-based prosperity at accelerated rate. In debt-driven economies the decline in demand is almost a given, so if you expect that some actual oil that's in the ground will be put to a good use, forget it, it stays in the ground -- not enough solvent demand for excavation. That's why btw companies are cutting capex (aka investment into future productive work, long-term goal) in favour of buybacks (aka supporting financial pyramid, short-term goals). Do you expect oil production to grow with cuts in capex, even though before it barely was kept afloat by increasing capex?
BTW just got updated -- peak of EU's electricity generation -- but surely that's because how home appliances and cars got energy efficient these days, not a red flag of nearest future at all :D Not sure in what world you're living in but my water boiler is almost as twice power hungry as this good old buddy from the 70s. Cars and home appliances are indeed more energy efficient in their main tasks, but they do so much more these days at cost of more energy used, and there's so much more of them that I'm not sure how electricity generation could decline without underlying economic problems causing it. It's like saying: hey, we've got more food efficient by eating less food! :D
