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Production theory could make $100 oil a reality
…Mr. Groppe is not so much a fan of such history as a witness to it. He is 79, landed in the oil and petrochemicals industry in 1946 and became an oil consultant in 1955… That probably makes him the oldest active oil guru in the United States. The man knows a thing or two about oil production and prices and what he will tell you in his charming Texas drawl isn’t pretty: The “peak oil” theory is no theory, son — it’s happening.
April 26, 2005
