And these guys are the optimists! These are gross production estimates -- not accounting for increased domestic usage by exporters or the increased energy cost of extracting the tougher-to-get oil. Image via WikipediaJeffrey (Westexas) Brown notes (at about 1:30 p.m. in today's Drumbeat comments):
Peak Oil is like a commercial airliner doing a gradual descent for landing. Peak Exports is more akin to an airliner doing a near vertical dive into the ground.Meanwhile, let's talk about the new third auto bridge for Salem!