Posted on 07/31/2004 1:48:26 PM PDT by SunkenCiv
Chief among the pessimists is the Association for the Study of Peak Oil, a group of European scientists who estimate that maximum oil production around the globe will peak in 2008 as demand rises from developing economies such as China... Others believe, like Maugeri, that the number of glasses is virtually limitless. John Felmy, chief economist at the American Petroleum Institute, argues that peak oil- production estimates are so far off that for all practical purposes we might as well act as if oil will flow forever. "Ever since oil was first harvested in the 1800s, people have said we'd run out of the stuff," Felmy says. In the 1880s a Standard Oil executive sold off shares in the company out of fear that its reserves were close to drying up. The Club of Rome, a nonprofit global think tank, said in the 1970s that we'd hit peak oil in 2003. It didn't happen.
(Excerpt) Read more at popsci.com ...
FReep these Christian Science Monitor polls, and check out a number of others:
Should the US drill for oil in Alaska's Arctic Wildlife National Refuge?
http://csmonitor.com/poll/index.php?poll_id=75
With Russia expected to ratify the Kyoto Protocol,
is it time for the US to come on board?
http://csmonitor.com/poll/index.php?poll_id=82
John Felmy
Wow, this is an oldie from *me*, thanks for the bump. :’)
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