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Wednesday, April 05, 2006

Peak Oil: The Crisis at Hand
The Problems Begin Long Before the Last Drop is Pumped

Do you remember when you were in grade school or highschool and instead of a the normal routine the teacher brought in the movie projector and a film reel? The movies were often times very interesting and the chance of a homework assignment was slim to none. Movies were always a time to socialize and visit with friends while the teacher set up the projector and students moved desks.

The reason I mention the fond memories of watching movies in school is because the movie I am presenting to our "class" today is one of those classic interesting presentations that take us back to yesteryear. The topic is Peak Oil. The title is, "Real Oil Crisis." There is no homework assignment today. Just enjoy the movie and feel free to visit with friends while I "set up the movie projector."

Click here to begin the movie.

Below is an excerpt from this excellent movie, "Real Oil Crisis."

Narration: "All oil fields follow the same pattern of rise, peak, then fall – even if they encompass an entire nation.The US hit peak oil in 1971. The UK with its North Sea oil peaked in 1999. Australia peaked in 2000. So when will planet earth reach peak oil?That depends on what’s really happening here. The place that provides a quarter of the world's oil - the Middle East."

With the above excerpt one could even focus in on one country in particular and the world's largest oil producer: Saudi Arabia. It would be prudent for you to gain a better understanding of the Saudi oil industry. Afterall, if you are going to be an informed investor and purchase shares of ARD you owe it to yourself to have a macro view of oil from the perspective of the world's largest producer. There is no better way to take a peak inside the Saudi oil industry than to read Matthew Simmon's, "Twilight in the desert." Please purchase a copy for your library by clicking on one of the links on this website. Your business is very much appreciated.