Myth: The World is Running Out of Oil (Peak Oil)

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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Recovery Resources . 175-315 Billion barrels of oil are recoverable at a barrel in the Oil Sands of Alberta, Canada. With a remaining potential of 1.7-2.5 Trillion barrels using advanced recovery techniques. Who knows what they'll discover tomorrow, but we know today, that in Canada's oil sands alone, the supplies will last over 100 years. Despite Popular Belief, The World is Not Running Out of Oil, Scientist Says (University of Washington) www.washington.edu Its a myth that the worlds oil is running out (The Times, UK) www.hudson.org Oil, Oil Everywhere... (The Wall Street Journal) www.manhattan-institute.org Oil Innovations Pump New Life Into Old Wells (The New York Times) www.nytimes.com Oil: Never Cry Wolf—Why the Petroleum Age Is Far from over (Science) www.sciencemag.org Peak Oil and other threatening peaks—Chimeras without substance (Energy Policy) dx.doi.org 'Peak Oil' Is a Waste of Energy (The New York Times) www.nytimes.com Thermodynamics and Money (Peter Huber, Ph.D. Mechanical Engineering, MIT) www.forbes.com "The economic value of energy just doesn't depend very strongly on raw energy content as conventionally measured in British thermal units. Instead it's determined mainly by the distance between the BTUs and where you need them, and how densely the BTUs are packed into pounds of stuff you've got to move, and by the quality of the technology at hand to move, concentrate, refine and burn those BTUs, and by how your neighbors feel about carbon, uranium and windmills. In this ...

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