Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
PBLS..........
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by bond006: [QB] According to this artical we hit oils peak this year Portfolio Company Price Change Gran Tierra (GTRE.OB) $4.38 +0.23 Storm Cat (SCU) $2.90 0.00 Connacher (CLL.TO) $4.48 -0.31 Torrent (TREN.OB) $2.72 +0.22 Canadian Spirit (SPI.V) $2.55 -0.05 Quote of the Day "That's it. I can now refer to the world oil peak in the past tense. My career as a prophet is over. I'm now a historian..By 2025, we're going to be back in the Stone Age." - Kenneth S. Deffeyes, author February 15th, 2006 Deffeyes' New Peak Oil Date By Luke Burgess In January of 2004, Kenneth S. Deffeyes, author of Beyond Oil: The View from Hubbert's Peak and Hubbert's Peak: The Impending World Oil Shortage, predicted that world oil production would peak on Thanksgiving Day in 2005. Now he says that this prediction was slightly off. Using updated data Deffeyes has come up with a new date. According to Deffeyes the world has already passed the peak on December 16, 2005. The late Dr. M. King Hubbert's theory says that global oil production rate will peak when half of the world's oil has been produced. It's estimated that there are 2.013 trillion barrels of oil left on the earth. So, the world peak would then happen when 1.0065 trillion barrels have been produced (half of 2.013) Using end-of-year 2005 production numbers from the Oil & Gas Journal, Deffeyes came up with his new date. According to the Oil & Gas Journal, the cumulative world production at the end of 2004 was 0.9812 trillion barrels and at the end of 2005 it was 1.00748 trillion. [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2