7.05.2005

Life after the peak

Here is an excellent in-depth analysis of the economic reasons for a total collapse soon after the peak by David Savinar, esq. (UC Davis graduate): http://www.lifeaftertheoilcrash.net/SecondPage.html#anchor_79 To the long list of petroleum corporate mergers Savinar adduces in support of a hypothesis that the petroleum industry is gearing up for a declining end game, we must not fail to add Royal Dutch and Shell: http://news.bbc.co.uk/2/hi/business/4628983.stm Nor should we forget the recent bid by CNOOC (Chinese national oil company) for UNOCAL: http://www.oilonline.com/news/headlines/mergers/20050624.CNOOC_pr.18359.asp This is particularly interesting given Unocal's alliances with Saudi Aramco.