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To: Sam Citron who wrote (41)	11/15/2006 5:47:07 AM
From: FJB	Read Replies (1) of 442

Much more oil to burn? Historian says peak oil production is still a quarter-century away By Kevin G. Hall McClatchy Newspapers WASHINGTON - Far from being a nearly exhausted resource, the world's oil reserves are three times bigger than what some popular estimates state, and peak global oil production is still about a quarter-century away, according to a new study by Pulitzer Prize-winning oil historian Daniel Yergin. The remaining oil resource base is about 3.74 trillion barrels, according to a report released Tuesday by Cambridge Energy Research Associates, which Yergin runs. That's more than three times the 1.2 trillion barrels than "peak-oil" theorists suggest. realcities.com

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