Re: SC44

http://energybulletin.net/31191.html

A paradigm shift

.......There has been a paradigm shift in the energy world whereby oil producers are no longer inclined to rapidly exhaust their resource for the sake of accelerating the misuse of a precious and finite commodity. This sentiment prevails inside and outside of OPEC countries but has yet to be appreciated among the major energy consuming countries of the world.........

..........If non-OPEC oil is on the verge of peaking, and OPEC output is going to be limited for macroeconomic reasons (Saudi Arabia, Kuwait), political reasons (Venezuela), lack of investment (Iran, Venezuela) or disruption (Iraq, Nigeria), then the near term peak of world production is all but assured. If Saudi Arabia can't manage natural declines at Ghawar at this time, and must wait a few years for additional capacity, declines there will merely speed up a liquids peak that appears inevitable in any case. Many in the peak oil community have not paid enough attention to so-called "aboveground" factors. The "paradigm shift" Al-Husseini speaks of is likely to forever change the world oil supply balance.............

The Oil Producers of the world are changing thier priorities, moving to the top of the list more and more, thier considerations of maintaining adequate levels of energy for thier own domestic supply. They are not so inclined as in the past, too send out endless barrels of oil to the mass energy consumers, like the US. This " Paradigm Shift will be working in conjunction with the actual peaking of oil supply to speed up the imminent energy crises for the world.