[thackney]

50 years later, we started to run low on fossil fuels

When the article includes falsehoods, it makes the real stuff look doubtful. The world's reserves have more than doubled since 1980. That is after meeting a continually rising demand.

Oil Proved Reserves, All Countries, 1980-2006

[thebaron512]

Well the price still goes up, so that don't help much.

My friend mentioned that someone he knew that was in WWII:

They captured a staff car that ran on this stuff and it ran great, but they gave it to their commander and who knows where it went!

[phelanw]

Raw statistics tell us very little. Note Canada's huge jump in "proven" reserves. That's due primarily to the tar sands. With conventional oil you get 25-30 times the energy out that you put into extraction. With tar sands you get 1.5%.

Oh, and those Saudi "proven" (but only estimated, as the chart says) reserves, those were doubled several years back, as were most other OPEC producers "reserves", without drilling a single exploratory hole. Their annual production quotas were tied to their reserves, so they simply upped their "reserves." See Matthew Simmons' book, Twilight in the Desert for all the details.

[danamco]

When the article includes falsehoods, it makes the real stuff look doubtful. The world's reserves have more than doubled since 1980. That is after meeting a continually rising demand.



Remember Paul Erlich???