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Politics : Foreign Affairs Discussion Group
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To: mistermj who wrote (176214)11/29/2005 6:32:20 AM
From: Noel de Leon  Read Replies (2) of 281500
 
"In fact, some of the most oil-rich areas in Russia, the Caspian Sea, the Middle East, the delta areas of Africa, Greenland, and the deepwater Gulf of Mexico have scarcely been explored."

If they are oil rich then why explore?

"Although U.S. oil production peaked in 1971."

Proof of Hubbert's prediction from 1956, 25 years before the event and pooh-poohed by almost all the oil experts(and a lot of non experts) at the time.

History repeats itself when history lessons are not learned.

"recently raised its previous estimate of the world's crude oil reserves by 20 percent, to a total of 649 billion barrels."

687,000/(105x365)=?years.
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