No, the "peaks" in for example the US' and Venezuela's oil production were determined not by private ownership or state ownership, and certainly not by reserve levels, but by rates of return on investments.
-----Original Message----- >From: Jim Devine <[EMAIL PROTECTED]> >Sent: May 11, 2007 11:16 AM >To: [email protected] >Subject: Re: [PEN-L] Nationalism and State Ownership Seen as Main Threats to >Oil Supply > >so "Hubbert's Peak" is due to nationalizations?
