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| Headspin | Apr 24 2008, 03:28 PM |
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well you haven't debunked Hubbert's theory here, and that 123 article certainly doesn't in my opinion. I'm aware of the brazillian oil discoveries. they have discovered 8 billion barrels. the world consumes 27 billion barrels a year. so assuming we can extract all the oil from that discovery, the brazillian oil find will extend the peak into the future by 3 and a half months. http://www.iht.com/articles/ap/2007/11/09/america/LA-FIN-Brazil-Oil.php putting the 8 billion barrels of new brazillion oil into perpspective:   Oil Discoveries minus Production, we started using more that we discovered in the mid 80's. This chart, from the Hirsch Report and found on many oil statistics websites, shows production and consumption combined. As the chart shows for years the worlds oil companies found more oil than they were producing. But the picture goes into the red in the mid 80's. From that time to present we are using more oil than oil being discovered. http://www.nyswda.org/LegPosition/Documents/FedResponse/HirschReport2.pdf |
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| Denial Stops Here: 9/11 To Peak Oil And Beyond · 9/11 Video Research Archive | |
11:16 PM Dec 4
