Saturday, May 31, 2008

Nothing to see here. Go back to your lives, citizens

Found this story debunking the idea that oil production is a problem, filled withwith gems of wisdom like...

  • On a daily basis, roughly 85 million barrels of oil are consumed across the world, almost exactly matching the amount produced each day.
Ummm. that's kinda what Peak oil means...Since it gives us absolutely no slack in the system. And then there's this one

Cambridge Energy Research Associates (CERA) argues that the remaining global oil resource base is 3.74 trillion barrels; that's more than triple the peak oil estimate of 1.2 trillion barrels.

That includes the hard to get to reserves that are under the sea and in the tar sands that the technology to extract either doesn't currently exist or is very money and energy intensive.

But go buy another SUV. Everything's fine.

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