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I cant say which way that will go, there are masses of untapped reserves that up till now have been uneconomical to extract. With crude over $100 a barrel these become economic prospects, so crude should stabalise or even fall back a bit.

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Bad news Jez!
We had an oil analyst down here in Cape Town this week who made a public statement at the Oil Africa conference that "the world is within about 1200 days of reaching maximum crude oil production - say mid-2011".

Blimey Jez - less time than we thought!

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