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Politics : Foreign Affairs Discussion Group
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To: Noel de Leon who wrote (175602)11/23/2005 12:56:00 PM
From: mistermj  Read Replies (1) of 281500
 
By 2040 oil production is predicted to fall to as little as 1/5 of present levels. 2-3 years ago very few accepted his. Today this is generally accepted.

Utter nonsense.

THE OIL RESERVE FALLACY:
Proven reserves are not a measure of future supply

Conclusion and Bibliography (Part VI)

As we have seen, there is far more oil in the world than the oil reserve estimates given for the Middle East. If the Veneuelans are right, there is enough oil in Venezuela alone to power the world for 44 years (at 27.3 billion barrels of world consuption per year). Similar or greater reserves exist in the Athabasca tar sands and other unconventional reserves that push actual world reserve life well out into the 22nd century. These are not as cheap as Middle Eastern reserves, but they are not prohibitively expensive either

>> it's going to be a long time before we run out of oil. There is plenty of it in Venezuela, Canada, Russia and other parts of the world. At current consumption rates, oil reserve life will be measured in centuries.<<
radford.edu

Very interesting article...I recommend the feature article and all the plus articles. Here are the first two:

Why $5 Gas Is Good for America

wired.com

As Prices Rise, Technologies Emerge

wired.com
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