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STORY SUMMARY (for complete story see end of this summary) THE MARKETS REACT TO PEAK OIL Industrial Society Rides An Unstable Plateau Before the Cliff by Michael C. Ruppert & ### Michael Kane, FTW Energy Affairs Editor © Copyright 2006, From The Wilderness Publications, www.fromthewilderness.com. All Rights Reserved. This story may NOT be posted on any Internet web site without express written permission. Contact admin@copvcia.com. May be circulated, distributed or transmitted for non-profit purposes only. October 4th 2006, 1:47PM [PST] - New York & Caracas – C ontrary to the delusion that Peak Oil is "so over", Mike Ruppert and Michael Kane point out that: Oil industry expert, [Jean] Laherrère, hesitates to predict a date for Peak Oil, partly because he doesn't trust oil-producing nations' public statements about their reserves. In the near term, he expects to see not a peak, but a "bumpy plateau" in world oil production. And Richard Heinberg now believes peak oil may look more like a bumpy plateau with much volatility in prices and production with events such a hurricanes, wars, demand destruction, and political moves alternately cutting and stimulating additional production. This must be understood in order to make sense of falling gas prices. FULL STORY HERE: [ SUBSCRIBERS CLICK HERE to read the full Story ] Not A Subscriber? Join Here New "Must Reads"! Where There Is No Doctor and Where There Is No Dentist are invaluable compendiums of information that, in the absence of a medical professional, could mean the difference between minor and major, life and death. http://www.fromthewilderness.com/store/books.shtml
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