And Moses came fourth in a Triumph.The POO is not a bubble....

And Moses came fourth in a Triumph.

The POO is not a bubble. Russian production this year is falling for the first time in 10 years. Mexican production is in decline. The UK has become a nett importer and seems clueless about how to change the trend. Throw in Indonesia. After a personal visit by Bush, Saudi basically said no more in as friendly a way as possible.

In spite of a US economic slowdown and high pump prices in the US, there has only been a throwaway dent in their oil consumption. They may be able to gain some efficiencies, but world wide anywhere, any economic growth seems hand in hand with increased oil consumption. The more undeveloped the starting base - eg India,China,Middle East,East Europe,Russia then the greater that increased rate of consumption.

China and India should have kept all those cyclists on the roads and ignored any urban planning models sourced from the USA from 1945 to 2005.

My motivation is more to protect and enhance personal wealth, also coupled with an interest in history that has morphed into a more immediate interest in peak oil.

It is like we are living the best parts of a history book right now. Some people choose to go one direction and some the other. Once the right decision is obvious to all, the plot is over.