« "If your governments are sabotaging..." | Main | Just when you thought it was safe to go our without your mittens: "Forget global warming.... " »

January 29, 2012

"For every barrel of oil produced in the world from 2007 to 2009, 1.6 barrels of new reserves were added..."

InfinitePower22.jpg

The World Energy Council reports that global proven recoverable reserves
of natural gas liquids and crude oil amounted to 1.2 trillion barrels in 2010. That's enough to last another 38 years at current usage. Add in shale oil, and that's an additional 4.8 trillion barrels, or a century and a half's worth of supply at present usage rates. Tar sands, including some huge Canadian deposits, add perhaps 6 trillion barrels more. --Everything You Know About Peak Oil Is Wrong - BusinessWeek

Posted by gerardvanderleun at January 29, 2012 9:21 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Post a comment




Remember Me?

(you may use HTML tags for style)