High fuel prices certainly lead to increased government income, but one has to also think there isn't much the government can do to decrease the crude oil price. replies⇛

I don't think it is irrelevant, the original estimates of the Venezuala find where comparable to the reserves of the middle east. The size of the Brazilian find is not known (from what I know). more⇛

The points you bring up are minor in the grand scheme of things. I doubt even the unbelievable growth in Canadian oil sands production will be enough to sustain global oil production increases for much longer, if at all. more⇛

There are a few important factors which must be considered

• a war in Iraq prevents proper drilling/production
• a war in Afghanistan prevents shipment
• Brazil has a large new find
• Venezuela's reserves seem to be bigger than previously though
• Saudi Arabia and company appear more⇛

Well, perhaps so. more⇛

More evidence to suggest we are at or reaching peak oil. From the article: more⇛

Rubin says oil production has been stagnant for last two years and much higher oil prices to follow. replies⇛

Rubin says oil production has been stagnant for last two years and much higher oil prices to follow. replies⇛

Another link to the same story replies⇛

Mutual Fund for investing in alternative energy replies⇛