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<p>[QUOTE=&quot;medoraman, post: 1245790, member: 26302&quot;]Except that peak oil has been predicted now for 30 years I have paid attention to it. They always predict the peak about 8 years out, and some technology comes along. Some day there will be a peak, I am just warning you I have read peak oil for a long time.</p><p><br /></p><p>Currently we extract oil from fields far longer than anyone could have imagined. High PM prices I believe will lead to new technology allowing recovery from PM fields long after they have been &quot;played out&quot;. The ancient Egyptians had a gold mine they abandoned, and it stayed abandoned for 2500 years. They found it and with new technology is now a major gold producer.[/QUOTE]</p><p><br /></p>

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