~~~What Happens when we reach a peak with oil~~~
hmmmm well that means the end of cheap oil..hahhaha..not very funny but true.
and the peak basically means that the maximum rate of global petroleum extraction is reached. and after the rate of production enters terminal decline. Guess we should have never laughed at M.King Hubbert..he used his theory in 1956 to accurately predict that United States oil production would peak between 1965 and 1970.His logistic model, now called Hubbert peak theory, has since been used to predict with reasonable accuracy the peak and decline of petroleum production of many countries, and has also proved useful in other limited-resource production-domains. According to the Hubbert model, the production rate of a limited resource will follow a roughly symmetrical bell-shaped curve based on the limits of exploitability and market pressures. Various modified versions of his original logistic model are used, using more complex functions to allow for real world factors. While each version is applied to a specific domain, the central features of the Hubbert curve (that production stops rising, flattens and then declines) remain unchanged, albeit with different profiles.
ONNNN ANOTHER NOTE...WAR IS EXPENSIVE, PEACE IS PRICELESS
PEACE NEEDS TO BE IN RUSSIA...AND GEORGIA RIP TO THE PEOPLE WHO DIED FROM THIS CRISIS!! ITS SOOO SAD!!!
smhhh We curse the Russians for the move into Georgia yet we do the same thing in Iraq. Granted that Saddam needed to be dealt with and the move into Georgia seems to be unwarranted however people are missing the obvious.
The situation in Georgia and Iraq are exactly the same thing. It is not about power or conquering or humanitarian issues it is about OIL!
The idea of Russia flexing its muscle in Georgia is nothing more than a test to see how difficult it is for Russia to quickly control the pipeline to the Caspian Sea. This action is not as dramatic as the US invading Iraq to overthrow the government and install a new government that would be friendly to the US so we can control the oil in that region.
If anyone thinks that we went to IRAQ for any other reason than OIL is in denial and/or just plain dumb. Does anyone see things as they really are or are we just turning a blind eye?
Face it America, as the supply of crude dwindles we will see war breaking out in all regions where the oil is plentiful. The governments of the world will project many other reasons for taking action but the reality of any future military actions will boil down to control over the worlds energy supply. The move into IRAQ and AFGANISTAN is nothing more than a strategic move by the US to gain some significant presence in that region of the world. Just in case the need to conquer oil resources arises.
IRAQ is what I find so amazing. The Bush administration sent our children to die for the sake of OIL! Pure and simple. We all know this is a fact when we look close at the situation however the talking heads in the government and the news media seem to never mention the reality of what is really going on. You hear this in whispers at Starbucks, restaurants and grocery stores by ordinary people that have eyes, ears and a brain. There were no weapons of mass destruction. SADDAM was a nebbish. We could have assassinated him without the need to invade. It was about OIL!
The United States of America and Russia will be fighting over the OIL globally like a game of RISK until all the armies and gone and some one has it all. At some point it will go nuclear.
“I think the world should think very carefully about what is going on here,” Saakashvili said. “We need to stop everything that can be stopped now.”
With the economy shedding jobs and unemployment rising, it’s a tough time to ask for a raise. That means that unless your paycheck is growing by 5 percent a year – you’re actually taking a pay cut.
Higher inflation also is cutting incomes for retirees living off their savings, and it’s chipping away at the nest eggs of those who hope to retire some day. Savings invested today in a safe 10-year Treasury note are returning about 4 percent which becomes less than 3 percent after taxes. Factor in a 5 percent inflation rate, and those T-notes are shrinking by more than 2 percent a year.
P.S. ok this has shit to do with what i just talked about but damn.....the taste is out of this world
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