Oil Oil Everywhere
Pulitzer Prize-winning oil historian Daniel Yergin has put out a study claiming our world's oil reserves are three times larger than estimated. And we're apparently 25 years away from peak oil production.
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CERA's report, titled "Why the Peak Oil Theory Falls Down," challenges an increasingly popular view that the world is about to run out of oil. On the contrary, CERA argues that the world is likely to begin running out of oil between 2030 and the middle of the century. Even so, CERA says, efforts are needed now to push that date back, such as new oil field discoveries, new technologies, energy conservation and alternative energy sources. |
Source: http://www.realcities.com/mld/krwashington//16012061.htm
I've been reading about this story for a few days, and I find it remarkable that whenever we're told the planet is on its last legs we find out it may not be true. One thing that will always remain a fact: stories of doom and gloom will always have legs.