Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In just two decades, the total value of the energy being produced via fossil fuel extraction has plummeted by more than half. Now $3 trillion of debt is at risk.
The governments intentionally inflated their estimates of oil reserves back in 1988. One sees a simultaneous big jump in proven oil reserves around that time. So this isn't a surprise.
Peakoil.com is bullish on oil prices. They're not saying anything some of WS analysts aren't saying about the coming bankruptcies. They appear to be on the extreme high end of expectations for defaults. CHK received an 18-month stay from its lenders. Other bankrupt oil producers seem to be getting a reprieve and continue to pump oil.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
