Quote Originally Posted by Rick M View Post
Both of us see little value in attempting to predict the timing of the global peak. Also, we both see this peak as being fairly imminent and having a severe impact, mostly because we are so unprepared for it.

When Russian experts confirm what was previously hinted at (ie. that Russian oil production is close to reaching its maximum), this is important info because Russia is a leading oil exporter.
I dislike the term "peak" because it's associated with all manner of emotional baggage. The impact of a decline in Russian production will depend on the extent and duration of the decline. "Maximum" is also a loaded word: does it mean "the maximum possible production from Russia" or "the maximum that Russia can produce with currently existing infrastructure"?