On Tue, Oct 21, 2008 at 1:40 PM, Jim Devine <[EMAIL PROTECTED]> wrote: > I've always been afraid that they were confusing the results of > short-term supply bottlenecks and steeply increasing demand with those > of a fundamental and final running-out of oil supplies. Of course, we > can't know for sure.
Jim, you are confusing peak oil with "a fundamental and final running out of oil supplies." Peak oil is NOT about running out of oil. It is about reaching a point where the volume of oil extracted and consumed doesn't (and presumably can't) continue to INCREASE each year. Part of this has to do with economically recoverable reserves, which is different from total reserves. If it takes three barrels of oil to extract two barrels of oil, those two barrels are not recoverable even though they are still "there." -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
