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Drumbeat: October 17, 2009
The Oil Drum - Discussions about Energy and Our Future —
... were considered extremely pessimistic, where the consensus view saw the peak another 5-10 years off, and the optimists put it 20 years away or more. Some thought the peak rate of "all liquids" would be around 100 million barrels per day (mbpd), up from 85 mbpd at the time. Most thought non-OPEC production would increase up through 2010. Biofuel boosters were sunny about their future.
Four years later, the view on oil and biofuel has grown considerably worse.
4 Forces Driving Oil Prices Higher
Oil prices pushed near the top of their recent ...
Drumbeat: October 17, 2009
The Oil Drum - Discussions about Energy and Our Future —
... were considered extremely pessimistic, where the consensus view saw the peak another 5-10 years off, and the optimists put it 20 years away or more. Some thought the peak rate of "all liquids" would be around 100 million barrels per day (mbpd), up from 85 mbpd at the time. Most thought non-OPEC production would increase up through 2010. Biofuel boosters were sunny about their future.
Four years later, the view on oil and biofuel has grown considerably worse.
4 Forces Driving Oil Prices Higher
Oil prices pushed near the top of their recent ...
