Energy Prospectus

I listened to Ms. Tverberg's interview, and it was downright scary. Can you give us a thumbnail summary, and your opinion of her ideas? Thx.

I utterly fail to understand the logic of this paragraph:

"As I said, the big issue I see is an affordability issue. I don't see oil prices bouncing back up again, or certainly not bouncing up very long, for very far. So, for oil production, this is basically the beginning of the end…what we're seeing is the beginning of Peak Oil, basically. The oil production will actually permanently turn down at this point because we will not be able to get it back up, and because of all the financial situations coming along."

If this is the beginning of peak oil and reduced supplies, I would expect oil prices to go up, but she avers that oil prices will stay down. Perhaps someone can make sense of this for me.

She sees a depression and $20 bbl oil

It confused me too. I think she meant to say peak oil prices. In any case, it sounds like Armageddon.

i blew it off after a few paragraphs

Gail in my opinion is confused. The Saudis hurt feelings will be healed and they will succumb to the situation that 2 % less oil production at 100 $/bbl is better than 0 less production at 50$/bbl The oil is not replaceable at 100$/bbl with anything remotely reaching the energy content 92000000 bbl/d