What is it with Academics and apocalyptic projections? Could it be that Academics, not having to produce anything of value, let their politics govern their beliefs? Naw, that's ridiculous.
OIL: “Exxon Mobil (XOM) announced today that in 2009 the company’s proven reserves increased by 133% of the amount of oil produced. . . . Amazingly, Exxon, who has been accused in the past of being too conservative in terms of exploration and development, has been finding more oil than it produces for each of the last 16 years, to the dismay of peak oil proponents.”
And this is despite the fact that US companies can't explore in the richest unexplored places in the world, like Iran, Saudi, Venezuela, Most of Russia. They're working in the 'picked over', 'played out' regions of the world.
So how do YOU know what you know?
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