http://www.dailyreckoning.com.au/oilfield-technology/2007/04/13/ An independent perspective on the Australian and global investment markets Sun, 08 Nov 2009 03:43:55 -0600 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/oilfield-technology/2007/04/13/comment-page-1/#comment-1970 Norm E Fri, 13 Apr 2007 14:58:21 +0000 http://www.dailyreckoning.com.au/oilfield-technology/2007/04/13/#comment-1970 Oil does appear to have reached a peak/plateau. To that concern add: 1) a rapidly building natural gas crisis in North America, Europe and the Far East as wells poof out of production and drilling activity yields ever smaller production; 2) the Energy Watch's Coal Report with updated global coal reserves and data that suggests a global peak in coal BTU production [already happened in the USA] in the next 15 or 20 years. So much for Plan B to make gas and oil from coal to preserve western lifestyles. Oil does appear to have reached a peak/plateau. To that concern add: 1) a rapidly building natural gas crisis in North America, Europe and the Far East as wells poof out of production and drilling activity yields ever smaller production; 2) the Energy Watch's Coal Report with updated global coal reserves and data that suggests a global peak in coal BTU production [already happened in the USA] in the next 15 or 20 years. So much for Plan B to make gas and oil from coal to preserve western lifestyles.

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