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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (5082)	11/15/2006 9:27:30 PM
From: mistermj	Read Replies (2) of 24213

Peak Oil Theory – “World Running Out of Oil Soon” – Is Faulty; Could Distort Policy & Energy Debate November 14, 2006 Correct Model for Post-2030 Oil Supply is Undulating Plateau In contrast to a widely discussed theory that world oil production will soon reach a peak and go into sharp decline, a new analysis of the subject by Cambridge Energy Research Associates (CERA) finds that the remaining global oil resource base is actually 3.74 trillion barrels -- three times as large as the 1.2 trillion barrels estimated by the theory’s proponents -- and that the “peak oil” argument is based on faulty analysis which could, if accepted, distort critical policy and investment decisions and cloud the debate over the energy future. Complete Press Release cera.com

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