To: thackney
That can’t be. We are almost out of oil now. I read it in a science article back in 1977.
2 posted on
12/12/2012 7:25:42 AM PST by
henkster
("The people who count the votes decide everything." -Joseph Stalin)
To: henkster
National Geographic said the same thing in 1974.
4 posted on
12/12/2012 7:30:25 AM PST by
abb
("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
To: henkster
That can’t be. We are almost out of oil now. I read it in a science article back in 1977.Back when Time Magazine had covers about global cooling, featuring the new "Ice Age" that was coming
6 posted on
12/12/2012 7:35:53 AM PST by
dennisw
(The first principle is to find out who you are then you can achieve anything)
To: henkster
New discoveries and technological advances have increased the oil industry's ability to increase production in recent yearsI'm calling BS on this article. The above statement is putting the cart before the horse. It's the high oil prices that have led to increased production. The "new discoveries and technological advances" are the inevitable result of higher oil prices.
This is why the peak oil stuff is silly, as long as prices keep going up, oil production will increase until every last drop has been extracted. Then, it will plummet quickly.
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