... and by just as "many", if not more than ... there is plenty of oil.
So I'm not an oil man, nor play one on TV, but I've chosen to believe the ones that say there is, rather than the ones that say there isn't.
Pretty much the same as Gorebull warming, eh?
I wonder if this 'information highway' thing is such a great idea.
I can't remember ever having so many bullets to believe/disbelieve in my life .. ever .. until I turned on my computer in 1998.
There does seem to be a trend ... That for every thesis there is an equal and opposite anti-thesis, and the theory of synthesis is yet to be proven.
We cannot know now. We can look back at some future time and say it was but in the middle of the ongoing it is impossible to do more than pass rumor.
Here's the synthesis:
Yes we are running out of easy to recover oil but there is a whole sh*t load of difficult to recover oil still in the earth.
Difficult = $$$. So Goldman Sach's predection of 20 year high oil prices is probably true.