On Mon, 14 May 2007 23:22:17 -0400, Wayne.B wrote:

For anyone who really wants to know what is behind our high fuel costs,
here is an excellent and highly detailed piece of research that points
the way:

http://www.theoildrum.com/node/2470#more

From comments at the Wall Street Journal energy blog: ========
If you have not gone to the oil drum and taken a look at the post
referenced, written by Stuart Staniford, by all means do so. It is an
extremely involved work of research, and indicates a growing consensus
among outsiders (non oil company and Aramco experts) that Ghawar, the
largest oilfield in the world is either peaked, or very close to it. If
one accepts the view of Stuart and others, after VERY involved analysis
on their part, we are seeing a drop in production now, and one that will
grow to critical levels within 7 to 10 years. =======

Peak oil can only be seen from hindsight, but there are many who study
the issue, that say it is now, give or take a few years. Of the 65
largest oil producing countries in the world, 54 have past their peak of
production.

http://abc.net.au/4corners/special_e...il_mapdata.htm

http://www.energybulletin.net/5655.html