2009 is finally here! 2008 was a big year for us when we discovered that we were going to have a son. Since June 27th that has occupied a lot of our attention. Now Kate is more than 38 weeks along. Our scheduled delivery date is only a week away now! We’re ready. Especially Kate. Any day now is good for her. Soon we’ll post the news and pictures!
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Dear Friends,
Although you will not read/hear about it for some years in the media, the top story of the year is that global crude oil production peaked in 2008.
The media, governments, world leaders, and public should focus on this issue.
Global crude oil production had been rising briskly until 2004, then plateaued for four years. Because oil producers were extracting at maximum effort to profit from high oil prices, this plateau is a clear indication of Peak Oil.
Then in July and August of 2008 while oil prices were still very high, global crude oil production fell nearly one million barrels per day, clear evidence of Peak Oil (See Rembrandt Koppelaar, Editor of “Oil Watch Monthly,” December 2008, page 1) http://www.peakoil.nl/wp-content/uploads/2008/12/2008_december_oilwatch_monthly.pdf. Peak Oil is now.
Comment edited for length. For the full post visit http://survivingpeakoil.blogspot.com/2008/12/top-story-of-year-global-oil-production.html