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<p>[QUOTE=&quot;Cloudsweeper99, post: 1476017, member: 3011&quot;]Well, conventional oil production peaked in May, 2005.&nbsp; Total production is still rising because of the counting of natural gas liquids and the like, but they aren&#039;t perfect substitutes so the current stats are a bit overstated.&nbsp; So I don&#039;t think the peak oil claims can be dismissed, even if they are late.&nbsp; Peak oil guru, Matt Simmons, indicated that the real test would come when the Saudi fields peaked and turned down.&nbsp; I never heard anyone claim that oil would peak prior to 2000.&nbsp; MK Hubbert thought it would be around that point, so he wasn&#039;t far off.&nbsp; I never heard any prediction of an earlier date.&nbsp; The first I read about it was in a National Geographic article in the late 90s while waiting for an eye exam.&nbsp; But peak or no peak, I have always liked the industry and it will probably continue to be my largest sector investment.[/QUOTE]</p><p><br /></p>

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