Hubbert got the oil peak of the lower 48 states in 1969 right so I don't have any argument against his prediction that oil would peak between 1996 and 2000. I think it did, but the oil industry has used inflated reserve estimates because the more you have in reserve the more is allowed to be exported. Example Shell recently cut their reserve estimate by 23% or 4.35 billion barrels of oil equivalent. Not only can they export more but they can borrow on their reserves and seek investors
http://dieoff.org/page140.htm
Yesterday Crude reached $50.12 per barrel
When Bush took office the price was $25.55. Bush is for "Green" energy alright, the green color of the cash flowing into his pocket from oil. I'm so glad the Dems have held steady against his "Energy Bill"
http://www.bushgreenwatch.org/mt_archives/000137.php
"But the energy bill, which remains stuck in Congress, is actually a multibillion dollar giveaway to the oil, coal and nuclear industries -- and it will actually make gasoline even more expensive, while weakening public health and environmental protections."



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, latest polls show kerry made a significant gain after the first debate. About even, now.
