Report says we have more oil than we thought

Houston Chronicle ^ | 9/15/2011 | Tom Fowler

[isthisnickcool]

Interested in the 1,000 year supply number. I’m a firm believer that there is no such thing as “peak oil”, but I’d like to know where I can find this 1,000 year figure in writing.

That number comes from one of the smartest oil guys I know. He knows the business inside and out and has numerous patents on devices related to exploration and refining. The next time I see him I'll ask him to write things down. He is in his 80's and is one of those people you meet and wonder how some people can be so darn bright:)

[Recon Dad]

Be interested in seeing where the number comes from. I keep track of oil and gas information as a hobby and haven’t seen anything that projects like that.

[P.O.E.]

Crude is down about 15-20 percent last few months

How come my gas station price isn’t down commensurately?

[editor-surveyor]

Thankd for the ping GD.

In the nearly 67 years that I have been alive, there has not been a single year in which our known oil reserves failed to increase.

Drillers are finding more oil, and the Earth is making more oil.